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Changing channel strategies can produce conflicts between established intermediaries and the new outlets for the products.
Wealthy Owning Class
A segment of society composed of individuals and families that possess a significant portion of the wealth, often exercising considerable economic and political influence.
Poor Working Class
Individuals and families who perform manual labor or low-skill jobs and live with minimal financial security.
Karl Marx
Karl Marx was a 19th-century philosopher, economist, and political theorist known for his critical analysis of capitalism and his influence on the development of communist theory.
Manifest Function
An intended and recognized outcome or effect of a social structure or institution.
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