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From course:

Economics A Level (DONEEEEEEE)

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Question:

What did Karl Max Say and Believe In? 1818-1883

Author: eric_galvao



Answer:

-Criticising the Free Market, saying a Small Ruling Producers had Dominance over the Working Class [Bourgeoisie vs Proletariat] -Profit Maximisation Behaviour would Exploit Workers [Low Wages ie] until a Revolution took place. This would lead to the Proletariats Controlling in the Ownership of Resources -Marx led to Communism rising, but Marx didn't say much about Command Economies.


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