Both Thomas Malthus and David Ricardo, who described the "iron law of wages," linked poverty to capitalist greed.
The iron law of wages is a proposed economic law that states that real wages always tend, in the long run, toward the minimum wage required to sustain the worker's life. Ferdinand Lassalle named the theory in the mid-nineteenth century. The doctrine is attributed to Lassalle by Karl Marx and Friedrich Engels.
It was coined in response to classical economists' views, such as David Ricardo's rent law and Thomas Malthus' competing population theory. It held that as the working population increased, the market price of labour would always, or almost always, decrease, and vice versa.
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The Baconator sandwich is a cheeseburger sold by the international fast-food restaurant chain Wendy's.
Answer:
1)own proporty 2)noncitizens 3)enslaved people4)full citizens
Explanation:
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Explanation:
The Ming Emperor decided to stop constructions of ships because he believed that they already had an advanced civilization and they no longer needed to travel and learn from other places. Scholars were not interested in the voyage. The emperor also made a tight trading control with other countries who tried to do the trade. :):)
