A. mercantilism
B. feudalism
C. socialism
D. communalism
Correct Answer:
Option C – socialism
Explanation
According to Karl Marx, the mode of production that precedes capitalism is socialism.
Socialism is associated with Karl Marx and his basic ideas are used in socialist states. His theory is in most cases referred to as Marxism. Historical Materialism and Dialectical Materialism. Kari Marx maintained that each productive process has its mode of socio-economic relation. The various stages of production undergone by societies had different modes of production. Such stages which every society must have to pass through include communalism, Feudalism, and capitalism. Socialism came up as a protest movement against the evils of capitalism.
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