ECONOMICS
ECONOMIC DEVELOPMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
True
|
|
|
False
|
|
|
Either A or B
|
|
|
None of the above
|
Detailed explanation-1: -The main classes in capitalism are the bourgeoisie and the proletariat. However, other classes such as landlords, petty bourgeoisie, peasants, and lumpenproletariat also exist, but are not primary in terms of the dynamics of capitalism.
Detailed explanation-2: -Karl Marx based his conflict theory on the idea that modern society has only two classes of people: the bourgeoisie and the proletariat. The bourgeoisie are the owners of the means of production: the factories, businesses, and equipment needed to produce wealth. The proletariat are the workers.
Detailed explanation-3: -For Marx there are only two main classes, the bourgeoisie, that owns the means of production and the proletariat who work for them. The proletariat includes everyone who does not own the means of production. Even high paid workers in the tech industry are considered proletariats.