ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -He believed all countries should become capitalist and develop that productive capacity, and then workers would naturally revolt, leading communism whereby the workers would become the dominant social class and collectively control the means of production.

Detailed explanation-2: -Karl Marx was (b) a revolutionary, an economist and a socialist. Explanation: Karl Marx was a German philosopher, economist, sociologist, historian, , journalist, political theorist, and socialist revolutionary. He is famous for his theories about capitalism and communism.

Detailed explanation-3: -According to Marx, the property right as a right of man and as the foundation of the government is inextricably intertwined with a man’s life, his personality and his relationship with the others (Sichel, 1972: 356). “As individuals express their life, so they are.

Detailed explanation-4: -Key concepts covered include: the dialectic, materialism, commodities, capital, capitalism, labour, surplus-value, the working class, alienation, means of communication, the general intellect, ideology, socialism, communism, and class struggles.