Question

“Profits have to equally distributed to the workers” – Justify social ​

Answer 1

Answer:

ExplanSocialists had different visions of the future. Some believed in the idea of cooperatives. Robert

Owen (1771-1858), a leading English manufacturer, sought to build a cooperative community called

New Harmony in Indiana (USA). Other socialists felt that cooperatives could not be built on a wide

scale only through individual initiative: they demanded that governments encourage cooperatives.

In France, for instance, Louis Blanc (1813-1882) wanted the government to encourage cooperatives

and replace capitalist enterprises. These cooperatives were to be associations of people who

produced goods together and divided the profits according to the work done by members.

Karl Marx (1818-1883) and Friedrich Engels (1820-1895) added other ideas to this body of

arguments. Marx argued that industrial society was ‘capitalist’. Capitalists owned the capital invested

in factories, and the profit of capitalists was produced by workers. The conditions of workers could

not improve as long as this profit was accumulated by private capitalists. Workers had to overthrow

capitalism and the rule of private property. Marx believed that to free themselves from capitalist

exploitation, workers had to construct a radically socialist society where all property was socially

controlled. This would be a communist society. He was convinced that workers would triumph in

their conflict with capitalists. A communist society was the natural society of the future.

a) Who argued that industrial society was ‘capitalist’?

i) Robert Owen ii) Louis Blanc iii) Karl Marx iv) Friedrich Engels

b) What do you mean by the idea of cooperatives?

i) Profits only for owners ii) Profits unevenly distributed

iii) Profits evenly distributed for the workers

iv) None of these

c) Who are capitalists?

d) “Profits have to equally distributed to the workers” – Justify​

2ation:

Answer 2

Answer:

Because the producers get the least amount of money and the retailers get the maximum profit. This is mainly because the producers sell the goods at low price and the amount of price continuously increases as the goods reach the wholesalers, retailers and the consumer. The producers are the least at profit and the retailers get the maximum profit.