BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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communism
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socialism
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capitalism
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Detailed explanation-1: -Communism: a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.
Detailed explanation-2: -Marxism is the social and economic theory developed by Karl Marx in the 19th century. Marxian economics describes the capitalist system of production as inherently unfair to the workers, who represent most of the population.
Detailed explanation-3: -Marxism originated in the thought of the German radical philosopher and economist Karl Marx, with important contributions from his friend and collaborator Friedrich Engels.
Detailed explanation-4: -Socialism, for Marx, is a society which permits the actualization of man’s essence, by overcoming his alienation. It is nothing less than creating the conditions for the truly free, rational, active and independent man; it is the fulfillment of the prophetic aim: the destruction of the idols.