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Social class is an individual's location in the economic sphere.

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Q: What is an individual's location in the economic sphere referred to as?
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Areas of economic an political control?

Sphere of influence


What is the object of the study of economics?

The object of economics, according to J.S. Mill, is that sphere of man's action that is involved in the pursuit of wealth. However, Lionel Robbins supplanted this definition of economic sciences by arguing that, "Economics is the science which studies human behavior as a relationship between given ends and scarce means which have alternative uses"


Are Events and trends on the local national and global sphere interrelated?

Events and trends on the local national and global sphere are heavily interrelated. The local scale makes up the national. In turn, the national makes up the global. The global then comes full circle and influences the local.


What were the causes of the growth of mercantilism?

There are several reasons why the system of mercantilism became a "growth orientated".The three major reasons were the following:A. Colonialism expanded, thus creating new export and raw material resources; andB. The ability of home country industries to stay up to date with manufacturing technologies; andC. The ability of the home country to use its military power to maintain its colonies and expand its sphere of economic control over weaker countries.


Why is a strong economy important to your country?

Without a strong economy we cannot have a strong military, w/o a strong economy we have a diminished sphere of influence in the rest of the world. Furthermore, a strong economy enhances your way of life. Jobs are created, new technology emerges, your standard of living increases among other things. A strong economy also helps to boost our economic partners by building up their economy. This is a win-win for everyone because a stronger global economy pushes humanity forward with great success, enabling a better future for all.

Related questions

Areas of economic an political control?

Sphere of influence


What is a sphere of influance?

A sphere of influence is an area were foreign nations What_is_a_sphere_of_influencespecial rights and economic privileges.Read more: What_is_a_sphere_of_influence


What form of imperialism was in china?

economic imperialism


Public and Private Spheres in the Nineteenth Century?

In the nineteenth century, the public sphere referred to spaces where individuals gathered to discuss societal issues and politics, such as coffee houses or newspapers. The private sphere, on the other hand, involved activities and relationships within the domestic realm, such as family life and personal matters. There were clear boundaries between these spheres, with women traditionally confined to the private sphere while men engaged more in the public sphere.


Judicial supremacy in the economic sphere ended abruptly in what year?

1937


What do you call a map of the world on a sphere?

The spherical map of the earth is referred to as a "Globe".


Judicial supremacy in the economic sphere ended abruptly?

During great depression


What were the 4 forms of colonial control?

Colony, protectorate, sphere of influence, and economic imperialism.


What imperialistic forms of control did the Europeans use to govern the lands?

Sphere of Influence and Economic Imperialism


What imperialistic forms of control did the European government use to govern?

Sphere of Influence and Economic Imperialism


What is the sphere part called on top of bones?

"Bumps" on bones, spherical or not, are generally referred to with the term "process".


What country's sphere of influence included southern china?

China has a strong sphere of influence because of its economic power. They now manufacture a majority of products purchased in the US.