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Who theorized the economic system of socialism?
Karl Marx
How did Karl Marx influence modern economic thought?
Karl Marx had developed advanced ideas about economics and the economy that had influenced other developers.
What is the new economic and social system by Karl max?
communism did you mean karl marx
Was Karl Marx in favor of capitalism?
capitalism would lead first to socialism then to communism
Who believed that history was guided by economic events?
Karl Marx
Who developed the economic system that was dominant from 1800 to 1850?
Karl marx
What type of economic system was developed by Marx?
Marx developed the concept of a communist economic system where the means of production are owned collectively by the workers rather than by private individuals or corporations. In this system, there would be no private property and goods and services would be distributed based on need rather than profit.
Who theorized the economic system of socialism?
Karl Marx
What factor is the Marx analysis of economic inequality and poverty focusing on?
Marx's analysis of economic inequality focuses on the progressive tax system.
The two Germans who developed the economic and political philosophy known as communism are?
Marx and Engels
How did Karl Marx influence modern economic thought?
Karl Marx had developed advanced ideas about economics and the economy that had influenced other developers.
What is the political economic and social system that was based on the teachings of Karl Marx?
Communism
What is the new economic and social system by Karl max?
communism did you mean karl marx
What is Karl Marx famous for?
That Communism was the economic system that we should use instead of capitalism.
Karl Marx developed a system of equality called?
Karl Marx developed a system of equality called communism, which advocates for the abolition of private property and the establishment of a classless society where wealth and resources are shared equally among all members.
Which theorist argued that everything in society is secondary to economic reality?
Karl Marx argued that everything in society, including culture, politics, and institutions, is ultimately determined by economic factors. According to Marx, the economic system shapes all other aspects of society.
What economic system did Karl Marx believe created poverty?
Karl Marx believed that capitalism was the economic system that created poverty. He argued that the capitalist system led to exploitation of workers, unequal distribution of wealth, and alienation, ultimately perpetuating poverty among the working class.
