Marxism: Capital

Question 1

Use value

Answer 1

The utility of a thing (Capital pg. 27)

Question 2

Values

Answer 2

“the common substance that manifests itself in the exchange value of commodities, whenever they are exchanged, is their value” (Capital pg. 28)

Question 3

To become a commodity…

Answer 3

…a product must be transferred to another, whom it will serve as a use value, by means of an exchange. (Capital pg. 30)

Question 4

Nothing can have value without…

Answer 4

“being an object of utility. If the thing is useless, so is the labour contained in it; the labour does not count as labour, and therefore creates no value.” (Capital pg. 30)

Question 5

Commodity is a complex of two things

Answer 5

use value and exchange value. (Capital pg. 30)

Question 6

Productive Activity

Answer 6

“is nothing but the expenditure of human labour power” (Capital pg. 31)

Question 7

Equivalent Form

Answer 7

a commodity in the equivalent form it is directly exchangeable with other commodities