Asked by Hayley Pineda on May 19, 2024
Verified
Which of the following best describes Marx's general law of capitalist accumulation?
A) Labor has a use, but not an exchange value.
B) Labor, both in terms of quantity and quality, is at the heart of all value.
C) Labor has an exchange value, but not a use value.
D) Capitalists profit by driving down the use and exchange value of workers' labor.
Capitalist Accumulation
The process by which capitalists generate wealth and expand their capital through reinvestment of profits.
Exchange Value
The worth of a good or service determined by the amount of other goods or services for which it can be traded or sold.
Workers' Labor
Refers to the physical or mental effort exerted by employees or workers in the production of goods or provision of services.
- Explain Marx's general law of capitalist accumulation and its implications on labor and value.
Verified Answer
Learning Objectives
- Explain Marx's general law of capitalist accumulation and its implications on labor and value.
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