Daniel King's family owns a few banks and factories in their hometown.Their control over capital and the means of production of most goods has resulted in the family acquiring great wealth and power.Which of the following terms can be used to describe the King family?

Question

Quizplus · Accepted Answer

The King family's ownership of banks and factories puts them in control of the means of production, which is a key characteristic of the bourgeoisie in Marxist theory. The bourgeoisie class is associated with wealth and power resulting from their control over the means of production.

Daniel King's Family Owns a Few Banks and Factories in Their