Briefly explain the characters of commodity

Reference no: EM131121632

Karl Marx's Economic Theories - Marxian economicsshort answer questions

1. Briefly explain the characters of commodity
a. What is use value?
b. Exchange value?
c. What about money?
d. Relations between use-value and exchange-value?

2. Briefly explain the meaning of "value."
a. Qualitative VS Quantitative?
b. Abstract labor?
c. The differences between value and price?

3. Briefly explain the surplus value and valorization process
a. Working day?
b. Necessary labor?
c. How circulation of money capital creates surplus value?

4. Briefly explain accounting of values
a. Constant capital?
b. Variable capital?
c. What is the rate of surplus value?

Reference no: EM131121632

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