ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Supply & demand controls the economy
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the three economic questions are answered by consumers & sellers
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There is little government control of business
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it was started by Karl Marx.
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Detailed explanation-1: -The option (C) is not true about Marxian Socialism. As in capitalism the state promotes only interests of the economic class, not of the working class.
Detailed explanation-2: -His key theories were a critique of capitalism and its shortcomings. Marx thought that the capitalistic system would inevitably destroy itself. The oppressed workers would become alienated and ultimately overthrow the owners to take control of the means of production themselves, ushering in a classless society.
Detailed explanation-3: -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. He cowrote The Communist Manifesto and was the author of Das Kapital, which together formed the basis of Marxism.
Detailed explanation-4: -Marx believed that if all property were owned in common, and each member of society had an equal share, that it would prevent the division of society into two classes: those who produce and those who gain from the sale of those products.