Those Who Own the Factories and Other Modern Means of Production

question 35

True/False

Those who own the factories and other modern means of production are known as the bourgeoisie.

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Definitions:

Adjustable Rate

A type of interest rate that can change, increasing or decreasing, over the period of a loan.

Subprime Mortgage

A type of mortgage that is offered to individuals with poor credit scores who are considered a higher risk to lenders.

Home Price

The monetary value at which a residential property is bought or sold in the real estate market.

Foreclosure Process

The legal procedure by which a lender seizes and sells a property after the borrower fails to meet the repayment terms of the loan.