Karl Marx Describes Capitalist Systems as "Exploitive

question 4

Essay

Karl Marx describes capitalist systems as "exploitive." Briefly describe the main feature of capitalism that Marx uses to explains this-who exploits whom, and how?

---

Definitions:

Equity Method

An accounting technique used to record investments in other companies where the investor has significant influence but does not have full control.

Consolidated Financial Statements

Financial statements that show the financial position and results of operations of a parent company and its subsidiaries as a single entity.

Cost Method

The Cost Method is an accounting approach where investments are recorded at their acquisition cost, without adjustment for changes in market value.

Equity Method

An accounting technique used to record investments in which the investor has significant influence over the investee but does not control it outright, usually indicated by owning 20% to 50% of the investee's equity.