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: -Karl Marx described the working class as the “proletariat", and that it was the working class who ultimately created the goods and provided the services that created a society’s wealth. Marxists and socialists define the working class as those who have nothing to sell but their labor-power and skills.

Detailed explanation-3: -A proletariat is a class of people who earn their living through labor. Proletariat is also a word that generally means the ‘working-class. ‘ The proletariat class is the opposite of the aristocracy and upper classes who live off inherited money or property, including inherited businesses.

Detailed explanation-4: -In Marxist theory, the capitalist stage of production consists of two main classes: the bourgeoisie, the capitalists who own the means of production, and the much larger proletariat (or ‘working class’) who must sell their own labour power (See also: wage labour).

Detailed explanation-5: -According to Karl Marx, the bourgeoisie, also known as the capitalist or ruling class, are those who own the means of production and monopolize wealth, and stand in contrast to the working-class proletariat majority, whose labor-power is exploited by the bourgeoisie majority.

Detailed explanation-6: -Who are the bourgeoisie and the proletariat? The bourgeoisie are the people who control the means of production in a capitalist society; the proletariat are the members of the working class. Both terms were very important in Karl Marx’s writing.