Inspired by a Japanese painting below

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Term of the Day Marxism

Term of the Day

Marxism

A theory of economic and political development based on the ideas and published works of German philosopher Karl Marx. Marxism states thatcapitalism, which displaced feudalism, will be replaced by socialism when workers take over society. Marxism provides the core ideas of modern Communism and Socialism.
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Usage Example
In hopes to reduce the struggle between the classes Karl Marx developed a plan, later to be called Marxism, which proposed the idea of a classless, socialist society.

Term of the Day product

Term of the Day

product

1. A good, idea, methodinformationobject or service created as a result of a process and serves a need or satisfies a want. It has a combination oftangible and intangible attributes (benefitsfeaturesfunctionsuses) that aseller offers a buyer for purchase. For example a seller of a toothbrush not only offers the physical product but also the idea that the consumer will be improving the health of their teeth.
2. Law: A commercially distributed good that is (1) tangible personal property, (2) output or result of a fabrication, manufacturing, or production process, and (3) passes through a distribution channel before being consumed or used.
3. Marketing: A good or service that most closely meets the requirements of a particular market and …
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Usage Example
Upon receipt of the finished product I found it to be of poor quality so I sent it back and asked for a full refund.