WORLD HISTORY

Detailed explanation-1: -By far the most influential theory of exploitation ever set forth is that of Karl Marx, who held that workers in a capitalist society are exploited insofar as they are forced to sell their labor power to capitalists for less than the full value of the commodities they produce with their labor.

Detailed explanation-2: -The key characteristics of Marxism in philosophy are its materialism and its commitment to political practice as the end goal of all thought. The theory is also about the struggles of the proletariat and their reprimand of the bourgeoisie.

Detailed explanation-3: -Socialist ideals include production for use, rather than for profit; an equitable distribution of wealth and material resources among all people; no more competitive buying and selling in the market; and free access to goods and services.

Detailed explanation-4: -Theory of exploitation, according to Marx, explains that if a worker is forced to sell his labour for less than the exchange value, i.e., the price, of the commodities they produce with their labour, she/he is economically exploited.