U NET : NET SET PHD EXAM

  🌟 Marxist Theory English Literature | UGC NET Preparation 1., what is Marxist Theory? Marxist theory is a way of understanding society by looking at money, social classes, power, and the struggle between rich and poor people. The theory is based on the ideas of Karl Marx and Friedrich Engels . Marx argued that society is deeply influenced by its economic system and the relationships between people who own businesses and people who work for them. Imagine there is a factory. There are two groups of people: Group 1: The Factory Owner 🏭 Owns the factory. Invests money in the business. Controls production and employs workers. Earns profits from selling products. Group 2: The Workers 👷 Work in the factory. Produce goods. Receive wages. May have little control over the business or its profits. Suppose the owner becomes very rich while the workers receive low wages despite working hard. Marx asks: Who owns the factory? Who does the work? Who receives the p...