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Marx was the father of communism, hence why it is called marxism or marx economy. Communism is the belief that everyone is equal within the country that practices this form of an economy. An example would be the USSR, which was a communist country leaded by Joseph Stalin.
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Who was the guys name responsible for the development of the Communist economic theory?
Karl Marx
Marx believed his economic system would pay workers according to their needs?
true. Yes it is the basis of Marxist theory.
Who theorized the economic system of socialism?
Karl Marx
Who believed that history was guided by economic events?
Karl Marx
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.
Who was responsible for the development of the Communist economic theory's?
Karl Marx
How did Marx and Lenin influence social economic development?
They invented Communism theory
Who was the guys name responsible for the development of the Communist economic theory?
Karl Marx
Which economic theory state from each according to his ability and to each according to his needs?
Karl Marx
The economic theory of Karl Marx led to the development of which communist state?
The economic theory of Karl Marx influenced the development of the Soviet Union. Marx's ideas on socialism and the need for a classless society were put into practice by the Bolsheviks led by Vladimir Lenin, ultimately leading to the establishment of a communist state in Russia.
Marx believed his economic system would pay workers according to their needs?
true. Yes it is the basis of Marxist theory.
What is Karl Marx accepted theory of business cycle?
Karl Marx's theory of the business cycle is based on the idea that capitalism inherently leads to periodic crises due to overproduction and underconsumption, causing economic downturns. Marx believed that these crises were systemic and recurrent, driven by the contradictions inherent in the capitalist mode of production.
Who developed the communist theory of government?
Karl Marx
What is Karl Marx's theory of economic determinism?
Karl Marx's theory of economic determinism holds that the development of society and history is primarily driven by the economic interactions and relationships between different social classes. He believed that the economic system in place, particularly capitalism, determines the political, social, and cultural structures of a society. According to Marx, changes in the mode of production lead to transformations in society, ultimately shaping the course of history.
Who construction a theory that focused on the bourgeoisie and proletariat?
Karl Marx
Who theorized the economic system of socialism?
Karl Marx
Karl Marx is perhaps best known as the main thinker behind the economic theory of?
Karl Marx is best known as the main thinker behind the economic theory of communism. He believed in the idea of a classless society where private ownership of property was abolished, and production was based on the principles of collective ownership and control.
