In your own words, define and explain the Marx’s Surplus Theory, 100 wordsDiscuss pros and cons of this model, 150 wordsNote: Make sure to leave 1 blank line between each answer.Directions:Use Times New Roman, 12pt font, double-spaced, 1-inch margins.Do not repeat the questions in your submission; just provided responses.Provide three (3) references in APA format.The Purdue Online Writing Lab (Links to an external site.) covers everything you need to know about APA format. Use these guides and the others in the website’s left menu to help format your references properly: (1) In-Text Citations: The Basics (Links to an external site.) and (2) Reference List: Basic Rules (Links to an external site.).Use your own wording.Must be submitted as a word document (doc, docx) — Canvas will not accept other filetypes.Must be independently researched.Must be completely free of grammatical, punctuation and spelling errors.One point will be deducted for each violation (please take it seriously).Essays will be checked for plagiarism using Turnitin.com’s plagiarism framework. You will be able to see the percentage of your essay that has been matched to other sources on the web and make the necessary adjustments to resubmit before the due date. Keep this percentage as low as possible! RubricEssay RubricEssay RubricCriteriaRatingsPtsThis criterion is linked to a Learning OutcomeContent2.0 ptsExcellentAll questions have been answered thoroughly and met the word count criteria1.0 ptsSatisfactoryAll questions have been answered but have less than the word count minimum criteria0.0 ptsUnsatisfactoryOne or more questions were not answered and have less than word count minimum criteria2.0 ptsThis criterion is linked to a Learning OutcomeReferences1.0 ptsExcellentProvided three (3) references formatted properly0.5 ptsSatisfactoryProvided less than 3 references or references are not formatted properly0.0 ptsUnsatisfactoryProvided less than 3 references and the references are not formatted properly1.0 ptsThis criterion is linked to a Learning OutcomeOriginality1.0 ptsExcellentThe essay is an original work and all works by other authors are cited0.5 ptsSatisfactoryThe essay is an original work and most works by other authors are cited0.0 ptsUnsatisfactoryThe essay has numerous instances of works by other authors who were not cited1.0 ptsTotal Points: 4.0NEXTthis website