Write interpretation for the paragraph below:
"Economists and politicians have discussed the causes of this decline, ways to get over it and possible ways of preventing it from happening again. Marxist economists argued that this kind of crises happened because of capitalism. They also thought that it could be prevented by the establishment of socialism".
write in three paragraph's
Answers
Answer:
Exploitation of labour is the act of using power to systematically extract more value from workers than is given to them. It is a social relationship based on an asymmetry of power between workers and their employers. When speaking about exploitation, there is a direct affiliation with consumption in social theory and traditionally this would label exploitation as unfairly taking advantage of another person because of their inferior position, giving the exploiter the power.[1]
Karl Marx is considered the most classical and influential theorist of exploitation. Marx recognized exploitation of labour as morally unjust, but put more emphasis on economic injustice, highlighting the mathematical inequity of pay to value produced. In analyzing exploitation, economists are split on the explanation of the exploitation of labour given by Marx and Adam Smith. Smith did not see exploitation as an inherent systematic phenomena in certain economic systems as Marx did, but rather as an optional moral injustice.[2]
Answer:
The Above Answer is Absolutely Right