The term __________ means the possession of economic resources, whether in land, goods, or money.

Question

Quizplus · Accepted Answer

The term "wealth" specifically refers to economic resources, which can include ownership of land, goods, or money. "Power" can refer to a variety of different forms of influence, including political or social influence, but it does not necessarily imply possession of economic resources. "Ascribed status" refers to social status that is assigned to an individual at birth, and is not related to economic resources. "Prestige" refers to the level of respect or admiration that an individual or occupation may have within society, which is also not necessarily related to possession of economic resources.

The Term __________ Means the Possession of Economic Resources, Whether