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Karl Marx used the term of surplus value in his analysis of the economics of his time. For Marx, capitalists exploited workers by paying them just enough to keep them alive and working. He saw workers' wages as just above the subsistence level. Marx believed that the difference between wages paid to workers and the price of the goods they produced was "surplus value". Marx did not see factory owners contributing anything towards production. The surplus value created by the process described above the capitalists took as profit for themselves. The key to this was that Marx saw a time when the workers could not afford to purchase the goods they produced. Production led to over production and brought on depressions.
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When a nation imports more than it exports economists say it has what?
Its known as a trade surplus
When a nation exports more than it imports economists say it has?
Its known as a trade surplus
What is new surplus mean?
OK, first of all, "What is new surplus mean?" is not English. You gotta say, "What does new surplus mean?" Anyway, the definition is like the item is unused, looks good, but was bought from others. Therefore, it may not work perfectly, and the certificate is not available. I you.
What if your manager tells you to return the surplus merchandise to the supplier You are returning the merchandise because?
Surplus Merchandise is merchandise that is left over. Let's say you have to sell 100 shoes but only 75 get sold so that means that th 25 left over is extra; hence the name surplus merchandise so this means that you are returning it because you have too many of them.
True or False If a local Christmas tree farmer is earning a producer surplus on each Christmas tree he sells then his customers cannot enjoy any consumer surplus on the Christmas trees they buy?
False. It depends on the price consumers are willing to pay for the producer's Christmas tree. For example, if the producer is willing to sell his tree at $3 but the market price is $5, then the surplus for the producer is $2. Say, a consumer is willing to buy the tree at $15, then the consumer surplus us $10. Remember that the consumer surplus is the are under the demand curve and above the horizontal line passing through the equilibrium price. As long as this area exists, then it is possible for consumers to enjoy a consumer surplus.
Did Karl Marx say capital is produced by the capitalist?
Yes, Karl Marx argued that in a capitalist system, capital is produced by the exploitation of labor by the capitalist class. He believed that profits are derived from the surplus value created by workers that is not returned to them in the form of wages.
Did Karl Marx say Never Trust a Russian?
There is no evidence that Karl Marx specifically said "Never Trust a Russian." Marx's work focused on critiquing capitalism and promoting socialism, and he did not make widespread statements about specific nationalities or individuals.
Did Karl Marx say 'The only antidote to mental suffering is physical pain'?
No, there is no record of Karl Marx having said this quote. Karl Marx was a philosopher and economist known for his theories on capitalism, socialism, and communism, but this particular quote does not align with his views on suffering.
Karl max said that dignity of man can be found in labor . What can you say about it?
I would say that Karl Marx performed very little labor himself, or he might have had a different thought about it.
What system did Karl Marx and Friedrich Engels believe should be destroyed?
Karl Marx believed that capitalism should be destroyed because he felt that it would lead to the exploitation of the Proletarians (the have-nots) by the Bourgeoisie (the haves). Karl Marx was a socialist. Needless to say, I think he was right.
What did Karl Marx say about the US Civil War?
He supported the North. As an improvement I'll add this quote from Marx Marx hailed the Union war effort as a matchless struggle for the reconstruction of a social world.
What did Karl Marx say competition and profit will do?
Karl Marx believed that competition and the pursuit of profit within capitalist societies would lead to exploitation of workers, economic inequality, and alienation. He argued that these forces would ultimately create social conflict and push towards a revolution to establish a more equitable and just society.
Who was smarter Karl Marx or Friedrich Engels?
It is difficult to definitively say who was smarter between Karl Marx and Friedrich Engels, as intelligence is subjective and multifaceted. Both Marx and Engels were influential thinkers in the development of Marxist theory, with Marx contributing more to economic and philosophical works while Engels provided practical and literary support. Their collaborative efforts were essential in shaping the communist ideology.
Did Karl Marx say that the government should encourage competition between businesses?
It was Adam Smith, not Karl Marx, who said that government should encourage competition between business. In a (theoretical) communist society there is no competition because everyone works solely for the common good.
In which book did Karl Marx say history repeats itself as tragedy then as farce?
Karl Marx wrote this statement in his book "The Eighteenth Brumaire of Louis Napoleon," which was published in 1852. Marx used this phrase to discuss how historical events can have similar patterns, but each iteration can have different outcomes or significance.
What did Karl Marx had to say about child abuse?
Karl Marx did not specifically address child abuse in his works. However, he advocated for the elimination of social and economic conditions that perpetuated inequalities and injustices, including those that could contribute to child abuse. Marx's focus was on highlighting the exploitative nature of capitalism and calling for a more equitable society.
What did marx say about labour?
Karl Marx viewed labor as the source of value in society, believing that it was through labor that individuals could express their creative and productive capacities. He criticized the exploitation of labor under capitalism, where workers were alienated from the products of their work and were not able to realize their full potential. Marx advocated for a system where labor was controlled by the workers themselves, leading to a more equitable distribution of wealth and power.
