Examlex
Label the flows in the simplified circular flow diagram that ignores the government.
Agricultural Societies
Societies primarily engaged in farming and livestock cultivation as their main source of livelihood and economic activity.
Stratification
The hierarchical arrangement of individuals or groups based on wealth, power, and social status.
Life Chances
The opportunities each individual has to improve their quality of life and realize their life goals, influenced by social and economic factors.
Social Class
Social class refers to a division of society based on social and economic status, affecting individuals' opportunities, lifestyle, and attitudes.
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