What would be the diagram that describes lives of working


Problem

The capitalist (wealth-owning) class can be described through the M - C - M' diagram, what would be the diagram that describes the lives of working-class people? Use the same letters: M and C to write a diagram that contains three parts (just like the capitalist diagram Karl Marx). HINT: think about what each letter (M and C) refer to (M = money or capital; C = commodity). Then, think about which letter should you start the diagram for the working class (M or C)? Why?

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