Description
Please explain the concept of Marxism. Make sure to discuss its pros and cons in society. Give a detailed answer, cite references when possible. This has to be at least 500 words.
Explanation & Answer
Attached.
Running head: MARXISM
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Concept of Marxism
Name of Student
Institution Affiliation
Date
MARXISM
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Introduction
The theory of Karl Marx in economics is popular. The class theory of Marx highlights
that an individual's position in a class is determined by his or role in the operations.
According to him the individuals who shares the common interest are grouped together to
form a class. When the Marx's theory is taken into consideration it follows a capitalist system
which is sometimes beneficial to the organization or population and sometimes can cause
harm. The implementation Karl Marx, the proponent of Marxism believes in socialistic
pattern of society where the gap between haves and haves not should be...
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