Karl Marx in a Mindmap

Considered as the father of communism, Karl Marx (1818 - 1883) influenced several political parties. He advocated a society where there is collective ownership and control of resources. He believes in the downfall of capitalist society where according to him the working class is exploited.

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Alfred Marshall in a Mindmap

Famous economist Alfred Marshall (1842-1924) is considered as the one who introduced the concept of demand and supply as well as the concept of elasticity. His was closely associated with the University of Cambridge for having been successively a student, lecturer in mathematics and Chair of Political Economy.

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