Capitalism was a deregatory term coined

discuss whether and why it matters to the US that the IASB and China may “compromise” on contested issues
September 13, 2020
In this individual written assignment you will
September 13, 2020
0

Capitalism was a deregatory term coined

Capitalism was a deregatory term coined by Karl Marx to 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.Have the poor become poor under capitalism?Base on the growth model presented in Colandors Macroeconomics what would you expect to happen to poor people’s income when society accumulates captal? ( Austrian)

 

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