Karl Marx Was Convinced That a Classless Society Would Develop

question 73

Multiple Choice

Karl Marx was convinced that a classless society would develop out of capitalism. What was the term he used to refer to this classless society?

• A) laissez-faire capitalism
• B) socialism
• C) communism
• D) corporate capitalism

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Definitions:

Sales Price

The amount that a customer pays to purchase a good or service from a business.

Variable Costs

Expenses that fluctuate with the level of output, including costs such as raw materials and labor.

Fixed Costs

Expenses that do not change with the level of production or sales.

Contribution Margin

The amount by which sales revenue exceeds variable costs, indicating how much revenue contributes to fixed costs and profit.