Cutey323 Cutey323

05-10-2020
Advanced Placement (AP)

contestada

Which statement best summarizes the economic theories of Karl Marx?
A- Economies are most efficient when businesses can Act freely.
B- Command economies will fail due to low levels of productivity.
C- Free market economies give the wealthy too much economic power.
D- International trade is a dangerous destabilizing factor for an economy.

Respuesta :

gortneyc1 gortneyc1

07-10-2020

Answer:pretty sure its c

Explanation:

One of his theories was that government regulation was needed to prevent economic inequality

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shrutiagrawal1798 shrutiagrawal1798

31-07-2022

Karl Marx's economic theory can be best given by considering that free market economies give the wealthy too much economic power. Thus, option C is correct.

What are economic theories?

Economic theories are given as the state and idea that has been implemented in the working and the applications of various functions concerning the economy. The theories are formulated for serving varying purposes.

Karl Marx was an economist and have his belief in labor value. He considers society to be divided into two classes namely the business owner and the workers. His theory explains that the labor work and the business owner occupy the wealthy section of the society.

Thus, it can be stated that Karl Marx's theory was considering the free market economy to give a lot of power to the wealthy. Thus, option C is correct.

Learn more about economic theory, here:

https://brainly.com/question/22596863

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