Question

Question 7 of 20 according to the typologies of class developed by joseph kahl and dennis gilbert, the powerful elite that consists of just one percent of the u.s. population is the ________ clas

Answer 1

The powerful elite that consists of just one percent is called the capitalist class. The capitalist class includes two different types of people. These people are referred to as the old money and the new money. This is self-explanatory in the sense that old money means that the family has had money for a long time, whereas new money is relatively new success created by someone who originally did not have the resources of the old money.