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Karl Marx attempted to refine the economic term of consumption. He began his views on this by stating that consumption produces production. Additionally, Marx added that consumption produces production in two ways:* A product becomes a real product only through consumption; and

* Consumption creates the need for new production.


As an aside, Marx's economic and political ideas were not commonly accepted by economic and political thinkers of his day in the middle of the nineteenth century.


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9y ago

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