This essay discusses that Karl Marx, who was a staunch communist and opponent of capitalism, developed the Marxism theory. He highlighted that capitalism introduced a system governed by money. This aspect divided the society into two classes. Those who had money as well as a means of production qualified as the capitalists, which he referred to as the bourgeoisie and the laborers whom he called the proletariat. The laborers did not have the capital and were hence unable to access a means of production. The purpose of the capitalists was to ensure that their systems registered the highest profits but minimal costs. This means that they were only willing to pay little wages to the laborers. On the other hand, the laborers purposed to get the highest possible wage while doing the least work possible. Evidently, the needs for both classes were contrary to each other a factor that introduced class conflicts as Marx highlighted. As described above, different historians and economists described the three economic theories. Their relevance in the modern day cannot receive any form of underestimation. Different historians have highlighted that Mercantilism is of significance because it highlights the specific roles that a strong state should play if it is to promote the economic stability and the reinforcement of liberal rules across the globe. On the other hand, there is evidence that Marxism answers the increasing questions on why there is under development in third world countries.
We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.Read more
The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.Read more
The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.Read more
By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.Read more