Relationships in Production of Commodities

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In Marx's theory, what is surplus value?

The value of commodities necessary to reproduce the worker’s labor-power

According to Marx, what is exploitation in a capitalist society?

Capitalists taking surplus value from workers by paying them less than the value they produce

Which class in capitalist society is responsible for producing most of the value?

The working class

What is the main role of capitalists in a capitalist society according to Marx?

<p>Extracting surplus value from workers' labor</p> Signup and view all the answers

How does Marx define exploitation in technical terms?

<p>The difference between the value of commodities a worker produces and what they are paid</p> Signup and view all the answers

What does surplus value represent in Marxist terms?

<p>The additional value extracted from workers beyond what they are compensated</p> Signup and view all the answers

According to Marx, what defines the bourgeoisie / capitalists?

<p>People who own the means of production</p> Signup and view all the answers

What is one effect of neoliberalism according to critics?

<p>Growing economic inequality</p> Signup and view all the answers

What is the main source of income for the working class according to Marx?

<p>Selling their labor-power</p> Signup and view all the answers

What is one element of precaritization resulting from loosening labor laws and weakening unions?

<p>Intensification of labor and pressure on employees</p> Signup and view all the answers

In Marx's theory, what does 'alienation' refer to?

<p>The disconnection from one's own humanity</p> Signup and view all the answers

How did global wealth distribution look in January 2019, according to the text?

<p>The top 26 richest people had the same wealth as the bottom 50%</p> Signup and view all the answers

How does Marx describe the relationship between workers and capitalists in terms of labor-power?

<p>Workers sell their labor-power to capitalists</p> Signup and view all the answers

What are some reasons for the global wealth gap mentioned in the text?

<p>Government cost-cutting measures</p> Signup and view all the answers

What does 'surplus value' represent in Marx's theory?

<p>The profit made by capitalists from the labor of workers</p> Signup and view all the answers

In Marx's theory, what is the term used to describe the replacement of secure full-time jobs with insecure part-time jobs?

<p>Precaritization</p> Signup and view all the answers

Who are considered intermediate classes according to Marx?

<p>Small business owners and farmers</p> Signup and view all the answers

What is one negative impact of precaritization on employees?

<p>Increased emotional labor</p> Signup and view all the answers

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