Why Is It That Today It Is More Difficult to Categorize

question 1

Essay

Why is it that today it is more difficult to categorize countries into the three neat groups like the one that were used in the 1960s.

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Definitions:

Class-in-itself

A concept that describes a group of people who share the same economic position but are not yet aware of their shared interests.

Exploitation

The act of using someone unfairly for one's own advantage, especially in economic terms, often neglecting the exploited party's welfare.

Commodity

A raw material or primary agricultural product that can be bought, sold, or traded, often global commodities markets.

Exchange Value

The value of a good or service determined by what it can be traded or exchanged for in the market, influenced by supply and demand dynamics.