SOCS 185 TES
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1. KARL MARX what are the types of value? .use value .exchange value .surplus value 2. what is use value? subjective, qualitative measure of some human want or need (what a commodity is "used for") 3. what is exchange value? objective, quantitative measure of value of a commodity (and what it is "exchanged for"), based upon quantity of labor required to produce it 4. what is surplus value? value extracted by capital during production process by not paying the workers ...
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1. KARL MARX what are the types of value? .use value .exchange value .surplus value 2. what is use value? subjective, qualitative measure of some human want or need (what a commodity is "used for") 3. what is exchange value? objective, quantitative measure of value of a commodity (and what it is "exchanged for"), based upon quantity of labor required to produce it 4. what is surplus value? value extracted by capital during production process by not paying the workers ...