Explain Karl Marx’s ‘Class Theory’.

a. In the latter half of the nineteenth century a new school of thought arose keeping in view the new thesis formulated by Karl Marx.
b. ‘Das Kapital’, a treatise written by him is the most referred book all over the world.
c. According to Karl Marx, history was not about abstract ideas; it was about living people. Human relationships are shaped by the fundamental needs of people and the ownership as well as nature of prevalent means of production to meet those needs.
d. The accessibility of these means to different strata of the society many not be equal.
e. This inequality causes a division of the society into classes, leading to class struggle.
f. As the class that owns the means of production economically exploits the rest of the classes

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