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6. Study Questions and Problems #6 Which of the following accurately explain why Karl Marx believed the market system was doomed to collapse? Check all that apply. Capitalism would collapse due to its principle "from each according to his ability, to each according to his need." Wealthy owners would go too far and exploit workers because unrelenting greed for profits would lead the owners to pay starvation wages. A spontaneous revolution by oppressed workers would destroy a system benefiting only the owners of capital. Communism is the ideal system, which would evolve in stages from capitalism through socialism.

6. Study Questions and Problems #6 Which of the following accurately explain why Karl Marx believed the market system was doomed to collapse? Check all that apply. Capitalism would collapse due to its principle "from each according to his ability, to each according to his need." Wealthy owners would go too far and exploit workers because unrelenting greed for profits would lead the owners to pay starvation wages. A spontaneous revolution by oppressed workers would destroy a system benefiting only the owners of capital. Communism is the ideal system, which would evolve in stages from capitalism through socialism.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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6. Study Questions and Problems #6 Which of the following accurately explain why Karl Marx believed the market system was doomed to collapse? Check all that apply. Capitalism would collapse due to its principle "from each according to his ability, to each according to his need." Wealthy owners would go too far and exploit workers because unrelenting greed for profits would lead the owners to pay starvation wages. A spontaneous revolution by oppressed workers would destroy a system benefiting only the owners of capital. Communism is the ideal system, which would evolve in stages from capitalism through socialism.
Transcribed Image Text:6. Study Questions and Problems #6 Which of the following accurately explain why Karl Marx believed the market system was doomed to collapse? Check all that apply. Capitalism would collapse due to its principle "from each according to his ability, to each according to his need." Wealthy owners would go too far and exploit workers because unrelenting greed for profits would lead the owners to pay starvation wages. A spontaneous revolution by oppressed workers would destroy a system benefiting only the owners of capital. Communism is the ideal system, which would evolve in stages from capitalism through socialism.
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