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Write about the views of Marx about Capitalist and Labour classes.

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Capitalists are the owners of the means of production like factory, machinery and land. Labourers are those who live by selling their labour. A product has value because of the work of the labourers. It is the workers that convert a cheap raw material into a product of high value. The entire profit is taken by the capitalists. (Profit = the cost of the product – production. expenses.) Capitalists try to maximise their profit by giving workers minimum wages. Marx imagined that the labours will fight against this exploitation by organizing themselves and fighting against the capitalists, establishing a Socialist-Communist society. The theory of Marx regarding capitalist economy and society helped in the making of many theories and debates regarding the nature of capitalism.

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