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According to Karl Marx's theory of labor value, a manufactured product is worth only the amount of labor which has gone into its making. Many economists and socialists who are not Marxists have concluded that the labor cost of obtaining raw materials from which a product is made at a factory, for example, is included in the actual value of the finished product. Using their ideas about labor value, the intrinsic value of the raw materials cannot be placed as part of the final value of the workers' labor.
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What is economic surplus?
(in Marxist theory) the excess of value produced by the labor of workers over the wages they are paid.
What is the definition of labor in economics?
the definition of labor and economic
What is a typical Marxist's view on the WTO?
The World Trade Organization seeks to develop trade between countries. One consequence of globalization is the exploitation of developing countries' resources and labor, which a Marxist would certainly be opposed to.
What part did social democrats reject of marxist philosophy?
Social Democrats were characterized as "the extreme wing of the socialists" who were "inclined to lay so much stress on equality of enjoyment, regardless of the value of one's labor, that they might, perhaps, more properly be called communists."
What is the Marxist definition of the term referred to as a contradiction?
In Marxist terminology, the term of "contradiction" is a very specific one. Students of Marxism, in its strictest sense, refers to the tensions that inherently exist in the capitalistic system of production. These contradictions will inevitably cause its destruction.
What was the Marxist faction in Russia headed by Lenin called?
Lenin led the Bolshevik faction of the Marxist Russian Social Democratic Labor Party. The RSDLP was split into two factions, Lenin's Bolsheviks and the majority faction Mensheviks. Both Bolsheviks and Mensheviks were Marxist. The Mensheviks were just not as radical as the Bolsheviks. Lenin led the Bolshevik faction of the Marxist Russian Social Democratic Party. The RSDLP was split into two factions, Lenin's Bolsheviks and the majority faction Mensheviks. Both Bolsheviks and Mensheviks were Marxist. The Mensheviks were just not as radical as the Bolsheviks.
What is the definition of employee in labor law?
It depends on the state.
What is the definition of dogma?
* a religious doctrine that is proclaimed as true without proof * a doctrine or code of beliefs accepted as authoritative; "he believed all the Marxist dogma"
What state has a from of government where property and the instruments of production are held as a common trust and the profits from all labor is devoted to the general good?
Either a Communist or Marxist State .
What is the definition of polo system of spanish era?
forced labor
According to Karl Marx the source of all value was?
According to Karl Marx, the source of all value was the labor that is expended in the production of goods and services. He believed that the value of a commodity is determined by the amount of socially necessary labor time required to produce it. This concept is known as the labor theory of value.
What is the Marxist theory of Rights?
The Marxist theory was that all of the property within the state belongs to the people who create the wealth. All people who work should benefit equally from their labor. He believed that taking unrightful profits and possessions away from the privileged and monied class would benefit everyone.
