The elitist school of thought asserts that______________?
Correct answer: A. the elite is not always against the masses
- A. the elite is not always against the masses
- B. the elite always works against the public interest
- C. the elite displays a monolithic power structure
- D. the masses should rebel against the elite
Explanation
Elitist theory does not necessarily claim that every elite decision is against the masses or the public interest. Its central claim is that elites hold disproportionate power, while their relationship with the masses may vary.
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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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