What are the two subdivisions members of the capitalist class are divided into?

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Marisol Haynes

Social Studies

24 January, 10:41

What are the two subdivisions members of the capitalist class are divided into?

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Bailee · Answer 1

The two subdivisions members of the capitalist class are divided into "Old" money and "new" money. The terms describe different classes of people.

The class "old" money are people who are part of long-established, upper-class families and their wealth is not quickly gained, but has been inherited over several generations. "New"money on the other hand is the class of people who have made their money recently (entrepreneurs, entertainers or athletes.).