Marx's Theory of Profit and Economic Decline

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Added on 2021/04/17

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This assignment discusses Marx's theory of profit and its implications on economic growth. It explores the concepts of organic composition of capital, surplus value production, and exploitation rate, which lead to a decline in profit over time. Unlike classical economists like Smith and Ricardo, Marx explains this phenomenon through the lens of capitalist economies and the behavior of capitalists.

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Marx's Theory of Profit and Economic Decline

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