Examlex
Because of diminishing marginal utility,indifference curves are convex to the origin.
Life Chances
The opportunities that people have in common by virtue of belonging to a particular class.
Class Revolution
A fundamental and profound change in a society's class structure, often associated with social and political upheaval aimed at redistributing power and resources.
Karl Marx
A philosopher, economist, and revolutionary who developed the theory of Marxism, highlighting the class struggle and the need for the working class to overthrow capitalist societies.
Lower Class
A socioeconomic group characterized by lower income, limited access to resources and opportunities, often facing economic and social challenges.
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