Question

1. Compare and contrast the views of Karl Marx with his predecessors about the structure of the
economy and how this structure impacts the well-being of the labor force

Answer 1

Explanation:

Marxian economics is a school of economic thought based on the work of 19th-century economist and philosopher Karl Marx. Marxian economics, or Marxist economics, focuses on the role of labor in the development of an economy and is critical of the classical approach to wages and productivity developed by Adam Smith.