1. What was Karl Marx’s basic premise and belief?

1 answer:

7 0

Karl Marx's basic belief was that the working class will start revolution in the most developed capitalistic countries. One of the basic premises of his thinking was maybe expressed in the first sentence of his The Communist Manifesto: "The history of all hitherto existing society is the history of class struggles." He claimed that human societies progress through class struggle: <span>a conflict between an ownership class that controls production and a dispossessed laboring class that provides the labor for production.</span>

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c. Virtual Team

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The magic of compound interest happens in a way that the more you put in, the faster your money grows.

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<h3>What is economic growth?</h3>

The rise or improvement in the market value of the commodities and services generated by an economy during a specific time period, adjusted for inflation, is referred to as economic growth. Traditionally, statisticians use the real GDP growth rate as a proxy for measuring economic growth. To account for inflation's distorting influence on the pricing of produced items, growth is typically expressed in real terms, or terms adjusted for inflation. Using national income accounting, economic growth is measured. It has all the benefits and disadvantages of that measure since economic growth is calculated as the annual percent change of GDP. Commonly, the GDP to population ratio is used to compare the economic growth rates of different nations (per-capita income).

To learn more about economic growth, visit:

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