Marx Used the Term __________ for Those Who Own the Means

question 92

Multiple Choice

Marx used the term __________ for those who own the means of production-the land and capital necessary for factories and mines.

• A) ​entrepreneurs
• B) ​proletariat
• C) ​rentiers
• D) ​bourgeoisie

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Definitions:

Fixed Costs

Costs that do not vary with the level of production or sales, including expenses like rent and salaries.

Variable Costs

Costs that vary directly with the level of production or output, such as raw materials and labor expenses.

Exponentiation

A mathematical operation involving two numbers, the base and the exponent, indicating how many times the base is multiplied by itself.

Principle Amount

The original sum of money borrowed in a loan or put into an investment.