(Answered) 1capitalism was a derogatory term pointed by karl marx ti

Economics

1.Capitalism was a derogatory term pointed by Karl Marx ti deride the riches of those who accumulated capital. He said that the accumulation of capital helps the rich get richer while simultaneously making the poor get poorer.

a. Have the poor become poorer under capitalism?

b. Based on the growth model presented in the text, what would you except to happen to poor people's income when society accumulates capital?

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