NURSING EXAM QUESTIONS
SOCIOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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person who owns a business
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person who has a mindset and uses knowledge
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person who owns or controls the means for producing wealth
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person who is part of a system
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Detailed explanation-1: -Under capitalism, private owners produce goods and services they can sell in an open market, with prices and wages set by supply, demand, and competition. Under socialism, however, the means of production are commonly owned, and the government controls part or all of the economy.
Detailed explanation-2: -In a capitalist society, the bourgeoisie, or the capitalist class, is the class that owns the means of production and derives a passive income from their operation. Examples of the capitalist class include business owners, shareholders and the minority of people who own factories, machinery and lands.
Detailed explanation-3: -Bourgeoisie. The bourgeoisie or capitalists are the owners of capital, purchasing and exploiting labour power, using the surplus value from employment of this labour power to accumulate or expand their capital. It is the ownership of capital and its use to exploit labour and expand capital are key here.
Detailed explanation-4: -Capitalism Defined Investments are determined by private decisions. The word capitalism comes from capital, which refers to resources (goods, money, property, etc.) that are used to produce more wealth. A capitalist is someone who practices capitalism by using his or her resources to make more resources.