the contribution of karl marx with one example
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Like the other classical economists, Karl Marx believed in the labor theory of value to explain relative differences in market prices. This theory stated 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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Marx is considered the father of modern sociology and his work in economics laid the foundation for understanding labor and its relation to capital. Know about the contributions of Karl Marx to economics and sociology, as well as his theories regarding capitalism and communism, through his 10 major accomplishments.
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