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nika2105 [10]
3 years ago
8

What dose a country’s gross domestic product measure?

History
1 answer:
Anika [276]3 years ago
7 0

Answer:

A country's Gross Domestic Product (GDP) measures the market value of all final goods & services that flow through a country's factories and shops each year.

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Industrialization and mass production in Europe at this time have led to social theories, such as Marxism.

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Karl Marx came with the idea of ‘Marxism’ where he believed that the workers were losing their independence because of Industrial revolution. Due to Industrial revolution, mass production required large number of workers in the factories. But they had to work in factories on the given timing and they had no control on their own lives. They were also paid less wages according to Karl’s idea of Marxism. This was unfair to the workers.

According to this theory, industrial revolution led to only two classes of people in a society: the working class and the owners of factories. So, social theories arose during this time.

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