ECONOMICS (CBSE/UGC NET)

ECONOMICS

ECONOMIC SYSTEMS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
During the 1800s, the writings of Marx, Engels, and Dickens focused attention on the problems faced by
A
factory owners
B
investment bankers
C
farm laborers
D
industrial workers
Explanation: 

Detailed explanation-1: -Answer: During the 1800s the writings of Marx, Engels and Dickens focused attention on the problems faced by industrial workers. Explanation: Both Karl Marx and Friedrich Engels addressed in their writings those problems faced by the workers against the capitalist system.

Detailed explanation-2: -Marxism was first publicly formulated in 1848 in the pamphlet The Communist Manifesto by Karl Marx and Friedrich Engels, which lays out the theory of class struggle and revolution. Generally, Marxism argues that capitalism as a form of economic and social reproduction is inherently flawed and will ultimately fail.

Detailed explanation-3: -Marx and Engels were early critics of the effects of the modern factory system, predicting its end as the workers rose up and took control of a system which exploited them so badly and treated them as appendages to machines.

Detailed explanation-4: -The Communist Manifesto, written by Karl Marx and Friedrich Engels, was first published in 1848. It formed the basis for the modern communist movement as we know it, arguing that capitalism would inevitably self-destruct, to be replaced by socialism and ultimately communism.

Detailed explanation-5: -Friedrich Engels wrote The Communist Manifesto with Karl Marx in 1848. He also wrote under the pseudonym of Friedrich Oswald. Engels edited the second and third volumes of Karl Marx’s Das Kapital after Marx’s death. Along with Marx, Engels formed the basis for the modern communist movement.

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