Marxism

• What is an economic system where capital goods are privately owned, and capital accumulation is desired to reach maximum profit?

  Capitalism
• How do capitalists maximally accumulate all profit?

  Low wages, Pricey goods and services, Exploitation
• What are Karl Marx's Aspects of Production?

  Factors of Production and Relation of Production
• What is the means of production such as raw materials and instruments to produce goods and services?

  Factors of production
• What are the properties and means of production an individual or group owns or has access to?

  Relations of productions
• Those-who-have tend to gain more from the fruits of the production than those who-do-not-have, even though those-who-do-not-have provide more labor or produce them.
• Marxism has influenced all of the disciplines in the social sciences with the exception of economics. True or false?

  False
• Capitalism is prone to crisis because it exploits the working class through lower wages, preventing them from consuming commodities produced by capitalist modes of production. True or false?

  True
• In Karl Marx's aspects of production, this refers to the experienced labor.

  Human capital