According to Marx which group constituted a ruling elite ?
Correct answer: B. The bourgeoisie
- A. The proletariat
- B. The bourgeoisie
- C. The workers for the owners of the means of production
- D. The military
Explanation
In Marxist analysis, the bourgeoisie control the means of production and use that economic power to dominate the state and society. The proletariat are the workers who sell their labour, not the ruling class.
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About Public Finance
Government revenue and expenditure are analysed through taxation, public borrowing, budgets, subsidies, transfers and public debt. The topic explains how fiscal policy affects resource allocation, income distribution, economic stability and growth, while distinguishing direct from indirect taxes, progressive from regressive taxation, and public goods from goods supplied by private markets.
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