answersLogoWhite

0


Best Answer

I’m not sure that ‘evil’ is really the correct term, but Marx argued that profit came from the exploitation of workers by the capitalists. It was unpaid labour that the employers took for themselves.

User Avatar

paulbenn

Lvl 13
2y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Was Karl Marx correct that profit is a great evil in a Capitalist economy?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Does Great Britain has some elements of a socialist economy?

There is no such thing as a Socialist economy. Socialism means no wages or prices or money, hence no economics. The UK is capitalist.


When did the Great Depression hit russia?

It didn't. The nature of the Soviet economy prevented the wide swings of boom and bust that were present in capitalist systems.


Did Franklin D. Roosevelt create socialism?

No. FDR was a capitalist politician who wanted to, in effect, save capitalism from itself by a state-assisted revival of the economy after the Great Depression.


What were four reasons for soviet leaders to begin to think about reform in the 1980?

The Capitalist nations were outpacing them in all areas of production, they're own economy was failing they were in great need of financing, and they thought America wanted to attack them.


What was the foundation of the seemingly robust economy of the 1920s?

After World War I, the American economy boomed for a decade. Part of it was profit from the war, but it was largely based on people purchasing products on credit and owing a great deal of debt. This caused the economy to seem successful, although it would inevitably crash.


Suppose there is a country that suffered great losses during World War 2. In its weakened state it still hopes to resist communist influence. The country joins NATO and receives support through the Ma?

a capitalist economy(apex)


Is Wales a capitalist country?

Wales is a Principality and a constituent country of the United Kingdom of Great Britain and Northern Ireland. The UK has a constitutional monarchy and could be considered "capitalist".


Why is the Indian economy considered a great paradox?

Why is the Indian economy considered 'a great paradox'


What are the 5 most capitalist countries?

Capitalist Nations are West Germany,Austria,Switzerland,Italy,Spain,Great Britain,Greece,Sweden,France,Ireland,Norway,Portugal,and BelgiumThose are all of the Capitalist Nations of the World. Written By: Sehaj Malhotra


You ran a division which resulted in great profit?

No.


Benfit of honey?

Great, if you are selling a profit


How to profit buying put stock options?

Buy the right put option, meaning the correct strike price and the correct expiration date and if the stock goes down, you make money. Options Weekly has some great write ups on trading options.