Marx Called Those Who Own and Operate Factories and Other

question 103

Multiple Choice

Marx called those who own and operate factories and other businesses in pursuit of profits

• A)proletarians.
• B)peasants.
• C)capitalists.
• D)burghers.

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Definitions:

Price Level

Refers to the average of the current prices of goods and services in the economy.

Interest

Payment received for the use of borrowed money, or the money paid for taking out a loan, often expressed as a percentage.

Utility Functions

Models used to quantify the satisfaction or utility a consumer derives from consuming various bundles of goods and services.

Consumption

The process or activity of using goods and services to satisfy wants or needs.