Question

Who was Karl Marx? What was his theory of socialism?

Answer 1

Answer:

Karl Marx was a communist who introduced the concept of socialism. Karl Marx's Theory: He felt that the industrial society belonged to the capitalists. Capitalists owned the capital invested in industries, but the profit was produced by workers.

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Answer 2

Karl Marx was a social thinker who believed in the principle of socialism. He argued that the industrialists and the capitalists who own the factors of production earn profits because of the hard work put in by the workers. The capitalists pocket the profits and do not share it among the workers.