Define and Explain Marx's Conception of Historical Materialism

question 12

Essay

Define and explain Marx's conception of historical materialism. Discuss how the critical theorists used this idea when formulating their own concepts. Be sure to include Hegel and Lukács in your discussion.

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Definitions:

Nominal Accounts

Accounts that are closed at the end of every accounting period, which include revenues, expenses, gains, and losses.

Real Accounts

Permanent accounts in accounting that show the ongoing financial state of a company's assets, liabilities, and shareholders' equity.

Accounting Period

A specific period of time used for financial reporting, such as a month, quarter, or year.

Prepaid Rent

An advance payment for rent that is recorded as an asset on the balance sheet until it is consumed.