1. Means of production and labor:
The means of production are the tools, machines, and places used to make things. For example, a factory is a means of production. Labor is the work people do to make something, like a worker making clothes.<\/p>\n\n\n\n
2. Value:
Value is how useful or important something is to people. Something can have value because people need it, want it, or are willing to pay for it.<\/p>\n\n\n\n
3. Labor and value:
Labor helps create value because people put their time and effort into making products or providing services.<\/p>\n\n\n\n
4. Labor vs. labor power:
Labor is the actual work someone does. Labor power is a person’s ability to work, including their skills, time, and energy.<\/p>\n\n\n\n
5. Surplus value:
Surplus value is the extra value workers create that they don’t get paid for. For example, if a worker makes $500 worth of products but only gets $200 in wages, the extra value helps create profit for the business.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
1. Means of production and labor:The means of production are the tools, machines, and places used to make things. For example, a factory is a means of production. Labor is the work people do to make something, like a worker making clothes. 2. Value:Value is how useful or important something is to people. Something can…<\/p>\n","protected":false},"author":12041,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"portfolio_post_id":0,"portfolio_citation":"","portfolio_annotation":"","openlab_post_visibility":"","footnotes":""},"categories":[16],"tags":[],"class_list":["post-13672","post","type-post","status-publish","format-standard","hentry","category-discussion-board-5-1"],"_links":{"self":[{"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0501-fall-2026-american-government\/wp-json\/wp\/v2\/posts\/13672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0501-fall-2026-american-government\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0501-fall-2026-american-government\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0501-fall-2026-american-government\/wp-json\/wp\/v2\/users\/12041"}],"replies":[{"embeddable":true,"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0501-fall-2026-american-government\/wp-json\/wp\/v2\/comments?post=13672"}],"version-history":[{"count":1,"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0501-fall-2026-american-government\/wp-json\/wp\/v2\/posts\/13672\/revisions"}],"predecessor-version":[{"id":13676,"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0501-fall-2026-american-government\/wp-json\/wp\/v2\/posts\/13672\/revisions\/13676"}],"wp:attachment":[{"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0501-fall-2026-american-government\/wp-json\/wp\/v2\/media?parent=13672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0501-fall-2026-american-government\/wp-json\/wp\/v2\/categories?post=13672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0501-fall-2026-american-government\/wp-json\/wp\/v2\/tags?post=13672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}