WORLD HISTORY

Detailed explanation-1: -In the theory of Karl Marx, the term proletariat designated the class of wage workers who were engaged in industrial production and whose chief source of income was derived from the sale of their labour power.

Detailed explanation-2: -Proletariat is an old term for the working class. It was commonly used by Marxists and other people who believed that capitalism had created a class of workers who were exploited by company owners. They called those owners “the bourgeoisie."

Detailed explanation-3: -Marxism posits that the struggle between social classes-specifically between the bourgeoisie, or capitalists, and the proletariat, or workers-defines economic relations in a capitalist economy and will lead inevitably to a communist revolution.

Detailed explanation-4: -Marx named this class the proletariat. According to Marx, the value of a product is based on the labor used to manufacture it. Marx pointed out that workers’ wages fell far short of the price of the products they made.