Question

Which of the following statements most clearly aligns with the economic theories of Karl Marx?
a. Businesses are regulated to prevent socioeconomic collapse.
b. Free-market forces ensure a healthy and efficient economy.
c. Government manages the economy to prevent economic inequality.
d. Profit drives both economic growth and economic equality.

Answer 1

c. Government manages the economy to prevent economic inequality.

Answer 2

Answer:

c. Government manages the economy to prevent economic inequality.

Explanation:

Karl Marx lived in the nineteenth century and watched the evolution of industrial capitalism. At that time, there were no labor laws and workers were exploited for long and tiring working hours. Marx then observed that the development of capitalism occurred through the exploitation of the labor force. In his view, capitalism was a highly concentrated and exploratory system. Thus Marx created an extensive work in which he advocated a system in which the government acted to manage the economy and reduce social inequalities. That system was communism.