The bourgeoisie refers to ?
Correct answer: C. the capitalist and middle class
- A. the monarchy
- B. the central planners of the Soviet Union
- C. the capitalist and middle class
- D. the aristocrats of wealthy nations
Explanation
The bourgeoisie traditionally means the capitalist class that owns or controls productive assets, and in broader usage it includes the middle class. It is contrasted with the proletariat, or wage-earning working class.
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The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
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