2. He may employ a worker and labourer whenever he likes and throws him out of job if does not like him or does not need his services.
3. He prefers to employ the innocent children and women in his factory because their labour proves cheaper. In this way, he does not hesitate in ruining the health of the children and women.
4. Many times the capitalists do not introduce any reforms in their factories due to which some times the serious accidents occur.
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(Imp.)Mention the two combination Acts passed by the parliament in 1795.
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(Imp.)1. Wealth is not concentrated in a few hands but whole society gets the benefits of the profits by equals distribution of wealth.
2. The workers and labourers are not forced to put in more work for less wages. Thus there is no exploitation of the workers.
3. In the socialist system of society the goods are produced according to the need of the society and not for the sake of profit only.
4. Socialism promises the fulfilment of the minimum necessities of life like food, cloth and shelter to all the people.
5. In the capitalist system the stress is laid to produce luxury goods while in the socialist system such goods are produced as are necessities for daily use which promote better life of all the sections of society.
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(Imp.)Discuss the Factors because of which the Industrial Revolution began first in England.
The Industrial Revolution started first of all in England. The factors are:
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(V. Imp.)Enumerate the concept of Socialism as stated by Karl Marx.
Karl Marx was a German thinker and scholar who is called the 'Father of Modern Communism'. He developed socialism on scientific lines. His ideas on socialism or communism were fully developed in his later writings especially in 'Das Capital'.
1. According to him, capitalism is the root cause of all social evils and hence it should be done away with.
2. In socialism, there is no place for private property.
3. All the units of production should be nationalised.
4. He said that like other social systems in history, like feudalism and slavery, capitalism is also bound to pass.
5. Capitalism in itself has the seeds of its own destruction.
6. Industrial workers are a force which would destroy capitalism and establish socialism.
7. Capitalism can be rooted out through revolution and by establishing the dictatorship of the Proletariat or the workers.