Social Icons

March 7, 2013

Social Theory

Marx assessed that capitalism created two classes in the society based by their means of production. In a capitalistic preservation, there be owners of means of production and providers of production. He analyzed that in approaching the owners of the means of production leave keep on acquire exuberanter while the providers of labor will not be equal to(p) to purchase the products they worked to set off. Marx also argued that capitalism leads to uneven distribution of commodities. This is so because, as the capitalist increase their factors of production and technology chips in to speed up the means of production, the providers of labor will not have enough money to purchase those commodities. In addition, the capitalist aim is to maximize on profit and minimize on cost therefore providers of labor will be underpaid for their labor. Their payment will not be sufficient to purchase the commodities in the market, leading to uneven distribution of commodities in the market.
Marx also assessed that capitalist aim is to maximize on profit. In their production of commodities, they produce goods not needed by the poor person. Instead, they produce goods that ar not affordable to a common citizen. Only the rich can purchase the commodities. This kind of production also promotes character of classes in the society.

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The high profits aimed to be achieved by the capitalist require reduced wages to be produced. The providers of labor efficiency to purchase the goods in the market will be decreased. capitalist economy enhances existence of competition. Competition will consequence to availability of so many products in the market. The excessive availability of products will result to unemployment. Unemployment will have a negative impact to the economy for instance; it may result to economic depression. The poor will continue being poor and the idea of unemployment will power them to provide labor cheaply thus being overworked.
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