Intro
...rder to fulfill the needs of the people or the government. I would like to describe two philosophers who have completely different ideas. They are Karl Marx, a German philosopher and revolutionist, who founded the scientific idea of socialism which has eventually evolved into the government of communism. He was the cofounder of the theory with Friedrich Engels, a theory in which it supports the the fact where all people should receive equal income regardless of social status. Th other economist who is British is known as Adam Smith where his ideas are the opposite of socialism. His theories are relevant and effective for the capitalist society which it supports the idea of profit. Smith's world revolved around the development of trade and industry in the European ...