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According to Karl Marx, what are the two major classes in industrial-capitalist societies? How did Marx describe the relationship between the two classes?
Transfer Payment
A payment made by the government to individuals, without any goods or services being received in return. This includes welfare payments, social security, and subsidies.
GDP
Gross Domestic Product, the total value of all goods and services produced over a specific time period within a country.
Indirect Business Taxes
Taxes imposed on goods and services that are passed on to the buyer, such as sales taxes or value-added taxes.
Corporate Income Taxes
Taxes imposed on the net income (profit) of corporations, determined by the legal jurisdiction of the business operations.
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