Explain Karl Marx's Theory of History

question 55

Essay

Explain Karl Marx's theory of history.Include in your discussion the answers to the following questions: What is the fundamental,driving force in history? What role does philosophy play or not play in history? Why does Marx believe that the direction of history is predictable?

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Definitions:

Purely Competitive

A market structure characterized by many buyers and sellers, homogenous products, free entry and exit, and no single participant having control over prices.

Average Total Cost

The total cost of production divided by the number of goods produced; a measurement of the cost of producing each unit.

Marginal Costs

The increase in cost resulting from the manufacture of one plus unit of a good or service.

Fixed Costs

Costs that do not change with the level of output, remaining constant regardless of the scale of production or services provided.