Join 60,000+ competitive exam aspirants
or with email
Your Cart
SubtotalтВ╣0
TotalтВ╣0
Examoogle тАв User тАв info@examoogle.com тАв EE-2024-8821
Chapter 1 of 12 тАв Page 1 of 248ЁЯФТ Protected PDF тАв Watermarked
Join 60,000+ competitive exam aspirants
Who considered private property to be the cause of all social and economic evils?
Marx and Engels
Marshall
Simon
Adam Smith
None of the above
Marx and Engels
Karl Marx and Friedrich Engels argued that private ownership of the means of production creates class divisions, leading to the exploitation of the proletariat by the bourgeoisie. They identified the abolition of private property as a necessary step for achieving a classless, communist society.
Karl Marx and Friedrich Engels argued that private ownership of the means of production creates class divisions, leading to the exploitation of the proletariat by the bourgeoisie. They identified the abolition of private property as a necessary step for achieving a classless, communist society.
The Communist Manifesto, published in 1848, serves as the foundational text for the development of modern socialist and communist political ideologies.
Marx and Engels defined history as a series of class struggles driven by economic structures.
The concept of historical materialism posits that the economic base determines the social and political superstructure.
Surplus value, a core concept in Marxist economic theory, explains how profit is derived from the unpaid labor of the working class.
Marxist theory asserts that private property incentivizes inequality and the accumulation of wealth in the hands of a few.
Adam Smith (Option D) is considered the father of modern economics and a proponent of private property and free-market capitalism.
Alfred Marshall (Option B) was a prominent neoclassical economist known for the development of the supply and demand framework.
Henri de Saint-Simon (Option C) was an early socialist thinker whose ideas influenced, but were distinct from, the rigorous class-struggle analysis of Marx.
A is correct тАФ Karl Marx and Friedrich Engels theorized that private property is the root cause of inequality and exploitation within capitalist societies.
While Marx focused on economic structure, connect this to the Indian Constitution's Preamble, specifically the term 'Socialist' added by the 42nd Amendment, which reflects a unique Indian blend of social welfare rather than total abolition of private property.
Get instant step-by-step AI explanations, full shift Previous Year Papers (SSC GD, RRB, SSC JE), and regional rank analysis on the official Examoogle App.
Free Download тАв 100K+ Aspirants