MARXISM

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is a philosophical and economic approach based on the ideals of the German social theorist Karl Marx (1818 - 1883). The general trends in Marxism is that the economy is the most important institution in a government. Various forms of Marxism have, over time, rose to power and then fell even quicker, one such example is communism.

MARXISM: "Maxism is a philosophical and economic approach which developed in Russia on the base ideas of the social theorist Karl Marx."
Cite this page: N., Sam M.S., "MARXISM," in PsychologyDictionary.org, April 7, 2013, https://psychologydictionary.org/marxism/ (accessed June 28, 2022).

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