A modern definition of class maintains that social class is constituted by____________?
Correct answer: B. persons who have similar forms of power prestige or wealth
- A. the owners of the means of production
- B. persons who have similar forms of power prestige or wealth
- C. categories of people set up by governments
- D. people especially endowed by nature
Explanation
Modern class analysis treats class as a socioeconomic grouping based on unequal access to power, prestige, and wealth, not merely ownership of production. Ownership is central to Marx's narrower definition but does not capture broader modern approaches.
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Pakistan's economy is examined through agriculture, industry, services, trade, remittances, employment, population, poverty and regional development. The topic also covers GDP and national income, inflation, fiscal and monetary policy, taxation, public debt, the balance of payments, energy constraints and structural challenges, including the role of the State Bank and development planning.
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