a. Class- 2 different classes

b. Class Theory with example

c. Market

d. Free Market Theory with example

e. Ideology

2. What is the difference between Class Theory and Free Market Theory

a. Class:

-  Group of people that shares the same lifestyle. they could have poor or rich lifestyle.

- The rich people usually considered as the capitalist which own and control business. And the poor ones are the workers or the labors who offer their time and energy to work for the capitalist.

b. Class Theory with example:

- Class theory is a theory that support the labors, which it demand the government to help and support the workers by several ways such as, taking taxes from rich people and putting a rule that rich people should be giving their workers a decent amount of money per hour. this theory says that labors who doesn't get paid enough should go on a strike.

c. Market

- Where you could sell, buy and exchange products or start business. like online shopping websites.

d. Free Market Theory with example

- Theory that support the capitalist and businessmen in their business, where it explains that government shouldn't interfere with the market and everyone in the market should be free to do what they want. This theory says that labors who doesn't like their jobs or the amount of their payment they should find another one.

e. Ideology

- People who shares the same lifestyle and share the same ideas and thoughts.

2. What is the difference between Class Theory and Free Market Theory

- Class theory mostly stand for those labor and workers, and the free market theory encourage the capitals.

b.the capitalist own all the companies they employ the workers in their companies.

c.system of partnerships and contract and they think people should be free.

d. taking risks, running a business and managing other people

e. a group of people share some ideas because of their social class

2. What is the difference between Class Theory and Free Market Theory?

Class Theory: the capitalist class employ the worker to work in their factors

Free Market Theory: they see people as free agents.

social class: people having the same social, economic, or educational status

- the capitalist class

- the working class

b. Class Theory with example

That two classes are always in conflict with each other because they have different interests (want different things).

E.g. the government should help workers by creating a minimum wage or the government should tax rich employers and spend the money on things that make the workers lives better.

c. Market

People with the desire and ability to buy and sale a specific product/service.

d. Free Market Theory with example

is a market in which there is no economic intervention and regulation by the state, except to enforce private contracts and the ownership of property.

E.g. if people are exploited by their employers, they are free to look for a new job

e. Ideology                                                                                                

If a group of people share same ideas because of their social class.

2. What is the difference between Class Theory and Free Market Theory

At the class theory they think that conflict is inevitable if there is inequality, and that society should be organized to reduce inequality, while free market theory they see society as a system of partnerships and contracts, and they think people should be free to make their own decisions

a. Class- 2 different classes

b. Class Theory with example
-

c. Market – any place that you want to buy or sell and it is governed by demand and supply.

d. Free Market Theory with example
- employees can look for new jobs if they feel that you are exploited.

e. Ideology

2. What is the difference between Class
Theory and Free Market Theory