Asked by Hayley Pineda on May 19, 2024

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Which of the following best describes Marx's general law of capitalist accumulation?

A) Labor has a use, but not an exchange value.
B) Labor, both in terms of quantity and quality, is at the heart of all value.
C) Labor has an exchange value, but not a use value.
D) Capitalists profit by driving down the use and exchange value of workers' labor.

Capitalist Accumulation

The process by which capitalists generate wealth and expand their capital through reinvestment of profits.

Exchange Value

The worth of a good or service determined by the amount of other goods or services for which it can be traded or sold.

Workers' Labor

Refers to the physical or mental effort exerted by employees or workers in the production of goods or provision of services.

  • Explain Marx's general law of capitalist accumulation and its implications on labor and value.
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Mohamad MohamadiMay 23, 2024
Final Answer :
D
Explanation :
Marx's general law of capitalist accumulation suggests that capitalists increase their wealth (profit) by exploiting labor, which includes strategies to reduce the costs of labor (both its use value to the worker and its exchange value in the market). This process involves paying workers less and devaluing their labor to maximize profits.