ECONOMICS
ECONOMIC SYSTEMS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Adam Smith
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Thomas Hobbes
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Karl Marx
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John Locke
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Detailed explanation-1: -Karl Heinrich Marx FRSA (German: [maʁks]; 5 May 1818 – 14 March 1883) was a German philosopher, economist, historian, sociologist, political theorist, journalist, critic of political economy, and socialist revolutionary.
Detailed explanation-2: -The Father of Communism, Karl Marx, a German philosopher and economist, proposed this new ideology in his Communist Manifesto, which he wrote with Friedrich Engels in 1848.
Detailed explanation-3: -Karl Marx revolutionized and popularized the ideas of Socialism. Therefore, he is called as the father of modern socialism.
Detailed explanation-4: -Early years. Karl Heinrich Marx was the oldest surviving boy of nine children. His father, Heinrich, a successful lawyer, was a man of the Enlightenment, devoted to Kant and Voltaire, who took part in agitations for a constitution in Prussia. His mother, born Henrietta Pressburg, was from Holland.
Detailed explanation-5: -Karl Marx is best known for his theories that led to the development of Marxism. His ideas also served as the basis for communism. His books, Das Kapital and The Communist Manifesto formed the basis of Marxism.