Karl Marx Viewed Industrial Workers as "Instruments of Labor" Chained

question 59

True/False

Karl Marx viewed industrial workers as "instruments of labor" chained to an exploitative system.

---

Definitions:

Fiscal Policy

A government's strategy for managing its budget, including taxation and spending decisions, to influence the economy.

Desired Money Holdings

This is the quantity of money individuals prefer to keep available for immediate transactions or precautionary purposes.

Initial Equilibrium

The starting point at which supply and demand are in balance before any external changes affect the market.

Interest Rate

The fee, shown as a percent of the principal, that a lender imposes on a borrower for the utilization of assets.