who is Karl Marx define the theory of socialism
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Karl Marx was a philosopher ,economist,political theorist,s socialist,journlist and revolutionary socialist.
Theory of socialism
An economic system in which the production of distribution and goods controlled sustain by the government the private Enterprises and in which Corporation rather than competition guides economic activity.
Theory of socialism
An economic system in which the production of distribution and goods controlled sustain by the government the private Enterprises and in which Corporation rather than competition guides economic activity.
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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.
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