In the System of _______________,Workers Are "Expropriated";because They Do Not

question 11

Short Answer

In the system of _______________,workers are "expropriated";because they do not own the means of production,they must sell their labor power in order to survive.

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Definitions:

Utility Function

Represents a consumer's preferences in a way that the utility or satisfaction they get from various goods or services can be measured and compared.

Budget Constraint

A limitation on the consumption choices of individuals or households, based on their income and the prices of goods and services.

Income

Income is the amount of money or goods received, typically within a certain period, in exchange for labor, goods sold, or investment.

Nuts

Edible seeds enclosed in a hard shell, often high in fat, protein, and other nutrients, and consumed worldwide as snacks or ingredients.