Capitalism was a deregatory term coined by karl marx

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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)

Reference no: EM131030544

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