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Socialism/Communism. They`re the same thing.



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Socialism and Communism are not the same thing. Socialism is a form of government. Communism is a form of economics.


Marx didn't actually develop either of these two notions, but simply studied them, added to them, articulated them and gained support for them. The notions of communism and socialism have been around for eons and were collectively developed over the course of human history.


Karl Marx is frequently called "The Father of Communism" because of his contributions to Communist thought and his ability to form a social movement around those ideals. He did not invent the concept however, though he did do a great deal to improve and help evolve the system.

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14y ago
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14y ago

Karl Marx was founder of modern socialism and communism.

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Socialism/Communism.

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Q: What economic system did Karl Marx develop?
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Related questions

Who theorized the economic system of socialism?

Karl Marx


What is the new economic and social system by Karl max?

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Who developed the economic system that was dominant from 1800 to 1850?

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What is the political economic and social system that was based on the teachings of Karl Marx?

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Who believed that history was guided by economic events?

Karl Marx


What is Karl Marx famous for?

That Communism was the economic system that we should use instead of capitalism.


What economic system did Karl Marx believe created poverty?

Karl Marx believed that capitalism was the economic system that created poverty. He argued that the capitalist system led to exploitation of workers, unequal distribution of wealth, and alienation, ultimately perpetuating poverty among the working class.


What theorie is Karl Marx famous for?

That Communism was the economic system that we should use instead of capitalism.


According to the article, why did Karl Marx think the economic system of the world would change?

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Who was responsible for the development of the Communist economic theory's?

Karl Marx


How did Karl Marx influence modern economic thought?

Karl Marx had developed advanced ideas about economics and the economy that had influenced other developers.


Who worked with Karl Marx to develop the theory of communism?

Friedrich Engels