Question

Explain the theory of Karl Marx

Answer 1

Explanation:

Karl Marx theories are as follows:-

1- he felt that the industrial society belonged to the capitalist.

2-capitalist owned the capital, invested in industries, but the profit was produced by workers.

3- he believed that the condition of workers would never improve , as long as profit is taken by the capitalist.

4- Mars believed that to free themselves from the capitalist's exploitation, workers have to form a socialist society where all property was socially controlled.

Answer 2

Answer:

In Marxist theory, socialism (also called the socialist mode of production) refers to a specific historical phase of economic development and its corresponding set of social relations that supersede capitalism in the schema of historical materialism.In Marxist theory, socialism (also called the socialist mode of production) refers to a specific historical phase of economic development and its corresponding set of social relations that supersede capitalism in the schema of historical materialism.

Explanation: