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Marx believed that money is a means of exchange but also represents social relationships of power, leading to exploitation of labor by capitalists. He argued that wealth under capitalism is created through the exploitation of workers, who do not receive the full value of their labor. Marx advocated for the abolition of private property and the establishment of a classless society to overcome the inequalities created by the capitalist system.
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Marx argued that all wealth is produced by what?
labor
What did marx argue that all wealth is produced by?
by labor
What are the similar views of Adam Smith And Karl Marx?
they were both males
What best describes marx's theory of communis?
The best way to describe Karl Marx's theory of communism is that he aimed to redistribute wealth.
What happens to the wealth and the wealthy in the system Marx described?
All wealth and land reverts to the state. Everyone is equal and shares.
What happens to wealth and the wealthy in the system Marx described?
All wealth and land reverts to the state. Everyone is equal and shares.
What happens to wealth and the wealthy in the system Marx describes?
All wealth and land reverts to the state. Everyone is equal and shares.
Describes the work of Karl Marx?
he argued that all wealth is produced by labor
Who wanted ordinary citizens to control the country's wealth and land?
Karl marx
Was Karl Marx rich?
No, he was the son of a Lawyer of moderate wealth. He was more or less a member of the Middle Class, while Engels was the son of a wealthy business man who gave up much of his wealth to fund his and Marx's work.
Marx argued that all wealth is produced by?
Marx argued that all wealth is produced by labor, and that the value of goods and services is determined by the amount of socially necessary labor time required for their production.
Did Karl Marx believe in the concept of redistribution of wealth?
Yes, Karl Marx believed in the redistribution of wealth as a core tenet of his political and economic philosophy. He argued for the redistribution of wealth to address economic inequality and advocated for the abolition of private property in order to create a more equitable society.
