SOCI 2P83 Chapter Notes -Poverty In Canada, Productive Forces, Labour Power

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Economic inequalities large differences in income and wealth across individuals and groups within a society; difference in the economic power of nations. Karl marx introduced the idea of social class and its relation to poverty and inequality in his social, economic, & philosophical in 19th century. People always organize oppositionally around their relation to the means of production. In a capitalist industrial society, those who own the capital and productive technology will control the available jobs. The others proletarians will have to sell their time and labour power to capitalists, to earn wages that allow them to survive. Classes (sociological thinking) are groups of people who share a common economic condition, interest, or relationship to the means of production. According to marx, there are two classes those who own the means of production and those who work for the people who own the means of productions.

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