In C.Wright Mill,s view what group constitutes an elite ?
Correct answer: D. The military-industrial-governmental complex
- A. Church leaders and educators
- B. The corporate rich only
- C. High ranking military officers only
- D. The military-industrial-governmental complex
Explanation
Mills's power elite consists of leaders at the top of the corporate, military and governmental hierarchies, often described as a military-industrial-governmental complex. The option saying only corporate rich or only military officers is therefore too narrow.
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Government revenue and expenditure are analysed through taxation, public borrowing, budgets, subsidies, transfers and public debt. The topic explains how fiscal policy affects resource allocation, income distribution, economic stability and growth, while distinguishing direct from indirect taxes, progressive from regressive taxation, and public goods from goods supplied by private markets.
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