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What challenges does this create for a capitalist

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Reference no: EM132163874

Capitalism

  1. Independent farmers in Wendell (in the Pioneer Valley) grow marijuana for sale and use the money they make to pay their cable bill. Show the circuit of production for these independent commodity producers.
  2. What determines how much they work?  Is there a tendency for these independent farmers like this to increase their production?
  3. Comcast has raised its rates, again!! The farmers need more money and seek wage work in the marijuana farms being established in old factory buildings in Holyoke. How is their new relationship "capitalist"? Show the circuit of production for marijuana under the new, capitalist relations.
  4. 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?
  5. What does the capitalist do with his profit? Is there a tendency to increase production in a capitalist economy? What determines how much he will produce? What challenges does this create for a capitalist?

Reference no: EM132163874

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