Question Detail

GST 112 GST 112 Test Compilations 9 Objective Question

Question

The structure of ownership of the means of production is termed ___
Options
A Wealth of nature
B Property relations
Correct Answer
C Social capital
D Investment infrastructure
Correct Answer

Option B is the correct answer.

Detailed Explanation

In economic and political theory, 'property relations' refers to the social and legal arrangements governing the ownership, control, and use of the means of production (e.g., land, factories, resources).

Hint

This term describes how assets used to produce goods and services are legally and socially controlled.

Question Info