Question

According to Karl Marx, is there too much or too little production to satisfy the wants of the great mass?

1) True
2) False

Answer 1

According to Karl Marx's theory of Marxism, there is a crisis of overproduction in capitalist societies. The bourgeoisie prioritize their own profit over meeting the wants of the great mass of people, resulting in too much production and not enough people who can afford to buy the products.

Step-by-step explanation:

According to Karl Marx's theory of Marxism, there is a crisis of overproduction in capitalist societies, which results in an economic collapse. Marx believed that the bourgeoisie, who own the means of production, prioritize their own profit over meeting the wants of the great mass of people. This leads to a situation where there is too much production and not enough people who can afford to buy the products, resulting in a glut of goods that cannot be consumed.