Question

What did Karl Marx say about command economy?.

Answer 1

Karl Marx described a command economy as "common ownership of the means of production" in the Communist Manifesto. communism and socialism use command economies, but the two political philosophies use them in different ways.

About Karl Marx

German philosopher Karl Marx lived in the 19th century. He specialised in political ideology and was an well-known communist supporter. The Communist Manifesto & Das Kapital, both of which he co-wrote, served as the cornerstones of Marxism.

Marx's critiques of society, economics, & politics, generally known as Marxism, contend that class antagonism is the primary mechanism by which human societies emerge. This displays themselves in the conflict between the working classes (also known as the proletariat) who allow these means by selling their labor-power for salaries and the ruling classes (also known as the bourgeoisie) who control the means of production in the capitalist mode of production.

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