What type of analysis did Pareto apply the term "elite"?
Social analysis
Biological analysis
Financial analysis
Cultural analysis
Answer
Social analysis is the type of analysis to which Pareto applied the term "elite." Pareto's elite theory suggests that society is naturally divided into two classes: the elite, who hold the most power and influence, and the masses, who are ruled by the elite. Pareto believed that the elite are constantly replaced by new elites, as the masses rise up and challenge the existing power structure.
Mastering Pareto: Exploring the Legacy of Vilfredo Pareto in Sociology and Economics
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