Describe Karl Marx theory?
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Like the other classical economists, Karl Marxbelieved in the labor theory of value to explainrelative differences in market prices. This theorystated that the value of a produced economic good can be measured objectively by the average number of labor-hours required to produce it.
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Karl Marx theory believed in labour theory of value.
Marx popular theory was historical , materliasm, history is a result of material conditions focused on conflict between two primary classes
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