Here is the link to my 4th VLOG!
https://youtu.be/LJWoc1LqdV8 Who is / what is Karl Marx economic theory & what did he say about capitalism? Karl Marx was a revolutionary, sociologist, historian, and economist from England. Karl Marx believed in the labor theory of value to explain relative differences in market prices. This theory stated that “the value of a produced economic good can be measured objectively by the average number of labor-hours required to produce it.” His understanding of capitalism was unsustainable and how the capitalist society that existed at the time of the writing would eventually be replaced by a socialist one.
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AuthorI am Jolie Keanini, and am 15 years old. This is where I will soon be posting monthly vlogs about our project "Food For Friends". ArchivesCategories |