What is Capitalism? Compare Marx’s and Weber’s views on capitalism. 

Capitalism: Capitalism is an economic and social system characterized by private ownership of the means of production, where individuals or corporations own and operate businesses for profit. In a capitalist system, economic decisions are driven by supply and demand in a competitive market, and the distribution of goods and services is largely determined by market forces. Capitalism encourages entrepreneurship, innovation, and the pursuit of profit as key drivers of economic growth.

Marx's Views on Capitalism: Karl Marx, a 19th-century philosopher, economist, and political theorist, offered a critical analysis of capitalism in his works, particularly in "Das Kapital" and "The Communist Manifesto." Marx viewed capitalism as a system characterized by inherent contradictions and class struggle. His key perspectives on capitalism include:

1. Exploitation of Labor: Marx believed that capitalism was fundamentally exploitative. He argued that capitalists (bourgeoisie), who own the means of production, extract surplus value from the labor of workers (proletariat). Workers receive wages that are lower than the value they produce, leading to profit accumulation for the capitalist class.

2. Class Conflict: Marx emphasized the presence of class conflict in capitalism. He saw the relationship between capitalists and workers as inherently antagonistic, with capitalists striving to maximize profits while workers sought higher wages and better working conditions. Marx predicted ___ _______ _____ _______ ________ ___.
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