Reference no: EM132404722

a. How hard do people work when they are working for themselves? What determines how much they work? Use the Marxist circuit of capital language (e.g. C-M-C') to answer whether there is a tendency for independent workers who control the means of production to work hard to increase their production.

b. How do things change when workers lose control of the means of production and have to sell their labor power to a capitalist? Show the circuit of production for marijuana under the new, capitalist relations. Will the formally independent workers now stop working when they have enough money for the desired consumption?

C. How does the capitalist make a profit from a relationship where he pays the workers a fair value for their time and sells at a fair price? Are capitalists guaranteed a profit? How could the capitalist not make a profit?

d. What do capitalists do with their profits, and how does this explain the expansion of capitalism throughout the world and into areas of household production?