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- Subject
- Marxian Socialismpolitical-science-mcqs › marxian-socialism
- Published
- 17 Jun 2022
- Last updated
- 28 May 2026
Explanation
Marx argued that the value of a commodity is established by the socially necessary labor time required to produce it, rather than factors like capital investment, machinery, or foreign market conditions.
More Marxian Socialism MCQs
Practice related questions from the same subject.
- 1.Which of the following statements about socialism is incorrect?
- 2.Which statement below is incorrect regarding Marxian Socialism?
- 3.Karl Marx believed that the proletarian revolution would be triggered by which of the following?
- 4.Which statement correctly describes the term 'proletariat'?
- 5.Which of the following concepts is not a fundamental component of Marxist theory?
- 6.Who originally coined the phrase, 'Workers of the world, unite'?
- 7.What did Karl Marx identify as the primary element shaping and continuously affecting society?
- 8.According to Gustav Rains, which factor is considered a key measure of development?
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