Image for Karl Marx (related to economic theories)

Karl Marx (related to economic theories)

Karl Marx was a 19th-century economist and philosopher who analyzed how economies and societies function. He believed that economic systems are based on class struggles—particularly between the bourgeoisie (owners of production) and the proletariat (workers). Marx argued that capitalism, driven by profit, tends to exploit workers and create inequality. He theorized that this would eventually lead to social change, with workers uniting to overthrow capitalism and establish a classless society. His ideas have profoundly influenced political movements and economic thought, highlighting issues of exploitation, inequality, and the distribution of wealth.