It Is Not True of Profits That They

question 132

Multiple Choice

It is not true of profits that they

• A)are what remains from the selling price after factors have been paid.
• B)accrue to entrepreneurs.
• C)account for a relatively small portion of national income.
• D)account for about as much national income as wages and salaries.

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Definitions:

False Consciousness

A term primarily associated with Marxist theory, referring to the way in which material, ideological, and institutional processes in capitalist society mislead the proletariat and other classes about the realities of their subjugation.

Proletariats

The working-class people who do not own the means of production and must sell their labor to survive, a term often used in Marxist theory.

Oppression

Oppression involves the systemic and pervasive exercise of power that disadvantages and subjugates individuals or groups, restricting their freedom and rights.

Socially Constructed

A concept or perception that is created and developed by society, and understood through cultural or social practice rather than existing inherently or naturally.