According to Marxism, those who own and control productive resources in a capitalist state are

Assessment: WAEC SSCE - Government - 1999 (Objective) Subject: Government

Question 1 Report

According to Marxism, those who own and control productive resources in a capitalist state are
Answer Details
According to Marxism, those who own and control productive resources in a capitalist state are exploiters. In a capitalist system, the means of production (such as factories, land, and machinery) are owned by the capitalist class, also known as the bourgeoisie. They use these resources to produce goods and services and to generate profits, which they keep for themselves. The working class, or proletariat, on the other hand, sells their labor to the capitalist class in exchange for wages. Marx argued that the bourgeoisie exploits the proletariat by paying them less than the value of their labor, thereby extracting surplus value and accumulating wealth.

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