Target Exam

CUET

Subject

Sociology

Chapter

Indian Society: Market as a social Institution

Question:

One of the founders of modern sociology, Karl Marx, was also a critic of modern capitalism. Marx understood capitalism as a system of commodity production, or production for the market, through the use of wage labour. As you have already learned, Marx wrote that all economic systems are also social systems. Each mode of production consists of particular relations of production, which in turn give rise to a specific class structure

What makes Capitalists powerful in Capitalism?

Options:

The control of means of production.

The capacity to work.

Muscle Power and Connection with the administration.

Information technology

Correct Answer:

The control of means of production.

Explanation:

The correct answer is Option 1: The control of means of production.

Option 1: The control of means of production. – Correct. According to Karl Marx, capitalists are powerful because they own and control the means of production, such as factories, machines, land, and raw materials. Workers, who do not own these means, must sell their labour for wages.