Search results
Results from the WOW.Com Content Network
The economic surplus begins when an economy is first able to produce more than it needs to survive, a surplus to its essentials. Alternative definitions are: The difference between the value of a society's annual product and its socially necessary cost of production. (Davis, p.1)
In political philosophy, the means of production refers to the generally necessary assets and resources that enable a society to engage in production. [1] While the exact resources encompassed in the term may vary, it is widely agreed to include the classical factors of production (land, labour, and capital) as well as the general infrastructure and capital goods necessary to reproduce stable ...
The primary emphasis of socialist planned economies is to coordinate production to produce economic output to directly satisfy economic demand as opposed to the indirect mechanism of the profit system where satisfying needs is subordinate to the pursuit of profit; and to advance the productive forces of the economy in a more efficient manner ...
Surplus product (German: Mehrprodukt) is a concept theorised by Karl Marx in his critique of political economy.Roughly speaking, it is the extra goods produced above the amount needed for a community of workers to survive at its current standard of living.
For a society of commodity producers—whose general social relation of production consists in the fact that they treat their products as commodities, hence as values, and in this business-like form bring their individual, private labours into relation with each other as homogenous human labour—Christianity with its religious cult of man in ...
In the Marxist theory of historical materialism, a mode of production (German: Produktionsweise, "the way of producing") is a specific combination of the: . Productive forces: these include human labour power and means of production (tools, machinery, factory buildings, infrastructure, technical knowledge, raw materials, plants, animals, exploitable land).
Warren said that Stephen Pearl Andrews' The Science of Society, published in 1852, was the most lucid and complete exposition of Warren's own theories. [ 45 ] Mutualism is an economic theory and anarchist school of thought that advocates a society where each person might possess a means of production , either individually or collectively, with ...
The simplest definition of socially necessary labour time is the amount of labour time performed by a worker of average skill and productivity, working with tools of the average productive potential, to produce a given commodity. This is an "average unit labour-cost", measured in working hours.