Table of Contents
Who is Karl Marx and what is he known for?
Who Was Karl Marx? Karl Marx (1818-1883) was a philosopher, author, social theorist, and economist. He is famous for his theories about capitalism and communism.
Who is Karl Marx and what is his theory?
Karl Marx (1818-1883) was a philosopher, author, social theorist, and economist. He is famous for his theories about capitalism and communism.
Which of the following was advocated by Karl Marx?
Karl Marx was a German philosopher during the 19th century. He worked primarily in the realm of political philosophy and was a famous advocate for communism. Learn more about communism.
Which is the principal means of production in an industrial society?
In an agrarian society the principal means of production is the soil and the shovel. In an industrial society the means of production become social means of production and include factories and mines.
Related terms. For instance, ” capitalism ” is the name for the capitalist mode of production in which the means of production are owned privately by a small class (the bourgeoisie) who profits off the labor of the working class (the proletariat ). Communism is a mode of production in which the means of production are not owned by anyone,…
Why is ownership of the means of production important?
Ownership of the means of production and control over the surplus product generated by their operation is the fundamental factor in delineating different modes of production.
Related terms. Factors of production are defined by German economist Karl Marx in his book Das Kapital as labor, subjects of labor, and instruments of labor: the term is equivalent to means of production plus labor. The factors of production are often listed in economic writings derived from the classical school as “land, labour and capital”.