MARXISM
A social, political, and economic philosophy which examines the effect of capitalism on labor, productivity and economic development. Based on ideas and works of German Philosopher Karl Marx, the theory explains the struggle between social classes, particularly the bourgeoisie or capitalists and proletariat or workers, that reflect the development of the nation; and the capitalists endeavor to seek power over masses on the production factors. In order for the economy to grow continuously, economic control has to be eliminated from private ownership. This way, it will be replaced by socialism because the workers will govern society. This is also where the core ideas of modern communism and socialism come from. Marxism was developed in the 19th century.
POPULAR TERMS
Piotroski Score
Jitney
Hedge
Preference Shares
Channel Check
POPULAR ARTICLE
SEE FOREX TUTORIAL
Introduction to Ethical Investing
Buying a Home: Getting Into the Escrow Process
Digesting Financial Statements: Introduction
An Introduction to the Basics of Economics
Health Savings Account: Introduction
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 05:02 | Trade Balance | Nov | |
| 07:00 | Economy Watchers Survey | Nov | |
| 09:00 | Industrial Production | Oct | |
| 10:00 | SECO Consumer Confidence | Nov | |
| 11:30 | Sentix Investor Confidence | Dec | |
| 01:50 | M2 Money Supply + CD | Nov | |
| 02:01 | BRC Retail Sales Monitor | Nov | |
| 02:30 | NAB Business Confidence | Nov | |
| 05:30 | RBA Interest Rate Decision | Dec |
