Examlex
The problems that may arise due to the separation of ownership and management in large business organizations are known as:
Social Class
Social class refers to a division of society based on social and economic status, affecting individuals' opportunities, lifestyle, and attitudes.
Lifestyles
The way a person or group lives, including patterns of social relations, consumption, entertainment, and dress related to personal choices and socio-economic factors.
Karl Marx
A philosopher, economist, and revolutionary socialist, Marx developed the theory of Marxism, focusing on the struggles between the proletariat and the bourgeoisie.
Class
A system of categorizing people based on their economic position, often determined by factors such as wealth, occupation, and social status.
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