Capital - Deepstash
Capital

rainbow blade's Key Ideas from Capital
by Karl Marx

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4 ideas

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The wealth of societies in which the capitalist mode of production prevails appears as an 'immense collection of commodities'; the individual commodity appears as its elementary form

KARL MARX

10

95 reads

The Two Factors Of Commodities:

  • Use-value
  • Exchange-value

10

78 reads

Use-value

Use-value of a commodity is the aspect of a thing that satisfies human needs.

It makes no difference what the nature of the need is or how the commodity satisfies it.

A thing can also be useful in more than one way, depending on what is known about it.

Use-values constitute the material content of wealth.

11

55 reads

Exchange-value

Exchange-value appears as the proportion in which a use-value of one kind is exchanged for a use-value of another kind, e.g. a certain quantity of wheat for a certain quantity of iron.

10

57 reads

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Learn about the two aspects of commodities.

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