Karl Marx and Max Weber theories

Karl Marx saw two social classes: those who own the means of production and those who do not. Max Weber theorized that there was more to social class than production. Weber identified three components of social class: status, class, and power.

Entrepreneurship is a vital part of the American economy and for many, the pursuit of owning a business is a critical part of elevating one’s social class.

Write an essay in which you discuss the key components of both Marx and Weber’s theories of social class as they relate to entrepreneurship in the United States.

Sample Solution