Answer:
Karl Marx was a communist who introduced
the concept of socialism.
Karl
Marx's Theory:
(i) He felt that the industrial society belonged to the
capitalists.
(ii) Capitalists owned the capital invested in industries,
but the profit was produced by workers.
(iii)
He believed that the condition of workers would never improve, as long as
profit is taken by the capitalists.
(iv)
Marx believed that to free themselves from the capitalists' exploitation,
workers had to form a socialist society where all property was socially controlled.
This would be a communist society.
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