WRITE ABOUT MARXIST ECONOMIC SYSTEMS.
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Marx's Social Economic Systems
Laborers do not own or have any claim to the means of production, the finished products they work on, or any of the profits generated from sales of those products. ... Marx argued that because of this uneven arrangement, capitalists exploit workers.
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Marxian economics is a school of economic thought based on the work of 19th-century economist and philosopher Karl Marx. Marxian economics, or Marxist economics, focuses on the role of labor in the development of an economy and is critical of the classical approach to wages and productivity developed by Adam Smith.
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