Capitalism was a derogatory term coined by karl marx to, Ask an Expert

Economics

Capitalism was a derogatory term coined by Karl Marx to deride the riches of those who accumilated captital . He said that the accumulation of capital helps the rich get richer while simultaneously making the poor get poorer.

Have the poor become poorer under capitalism?

Based on the growth model presnted in the text , what would you expect to happen to poor people's income when society accumulates capital? (Austrian)

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91846135

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