What Did Marx Hope Would Happen When People Achieved Class

question 110

Multiple Choice

What did Marx hope would happen when people achieved class consciousness?

• A) They would work hard to improve their status.
• B) They would accept their position.
• C) They would bond with others to combat the class system.
• D) They would quit their jobs.

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Definitions:

Firms

Businesses or organizations that produce goods or provide services, typically with the objective of making a profit.

Industry

A category of economic activity related to the production of goods, provision of services, or extraction of resources.

Cutthroat Competition

A market situation characterized by aggressive competition, where companies compete intensely, often at the expense of profit margins.

Covert Collusion

An agreement among competitors to limit competition and fix prices or output levels, done secretly to avoid detection by regulatory authorities.