Question

what is the theory of karl marx

Answer 1

Marxist economics. Marxist economics comes from the ideas of a philosopher named Karl Marx applied to economics. He created it to explain the "rules of motion" of production and exchange under capitalism. This theory was used to argue against the middle class theories of economics common at that time.

Answer 2

1. he felt that the Industrial society belong to capitalist.
2. capitalist owners the capital invested Industries but the profit was produced by workers
3. he believe that the condition of the Walkers would never improve As Long as profit is taken by the capitalist
4. Marx believed that too free themselves from the capitalist exploitation workers had to from a socialist society where all property for socially controlled.

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