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Vilfredo Pareto has used which of the following terms in his theory of the circulation of elites?
1. Governing elite 2. Speculators
3. Rentiers 4. Landlords
Select the correct answer using the code given below:
1, 2 and 3
3 and 4 only
1 and 4
2, 3 and 4
- Vilfredo Pareto's theory of the circulation of elites delves into the dynamic relationship between different classes of elites and their influence on society.
- *Governing Elite* refers to those in power and responsible for decision-making.
- *Speculators* and *Rentiers* are viewed as economic actors, where speculators take risks for potential gains, and rentiers earn income from investments.
- Pareto did use concepts like *Governing Elite* and *Speculators* in his work, indicating their role in societal shifts.
- Your selected option, which is Option:1- 1, 2, and 3, mentions these terms correctly and omits landlords.
Therefore, Option:1- 1, 2, and 3 is indeed the correct option.
By: Pradeep Kumar ProfileResourcesReport error
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