Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing

Search...

Capitalism and Class Inequalities Overview

11 Questions

0 Views

Capitalism and Class Inequalities Overview

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the main characteristic of a capitalist economy?

Monetary value assigned to goods, labor power, raw materials, and machinery (correct)

Accumulation of capital when price equals cost

Investment of labor power in production

Equal distribution of wealth among all classes

According to Fordism, what is considered a new basis of social organization?

Barter system

Clock time (correct)

Communal ownership

Natural resources

What does Economic Liberalism emphasize regarding economic activities?

Individual profit-seeking activities lead to societal welfare (correct)

Mandatory compliance with fixed prices for all goods

State intervention in all economic matters

Complete ownership of all means of production by the state

In the Marxist Approach, what creates exploitation in a capitalist society?

Surplus value from unpaid hours of laboring Signup and view all the answers

What is the main focus of the Marxist Approach in analyzing capitalism?

Examining the social relations and classes based on means of production Signup and view all the answers

What is one major consequence of the lack of property ownership under Capitalism?

Higher degree of alienation from product and production process Signup and view all the answers

What is false class consciousness?

Being exploited but thinking as a capitalist Signup and view all the answers

What are the social change stages leading to Communism in the context of class struggle?

Class position -> Class polarization -> Class consciousness -> Communism Signup and view all the answers

What is a significant strength of analyzing structural contradictions in capitalism?

Understanding the global concentration of capital & production Signup and view all the answers

What is the primary cause of a spiraling effect leading to wage reduction or unemployment among the working class?

Decreased consumption among the working class Signup and view all the answers

Why does Marx criticize his own prediction not being actualized?

Under-conceptualizing intra-class conflicts within the same class Signup and view all the answers