1. C-M-C means selling something you made to get money so you can buy something you need. The goal is to use the money to get another commodity for yourself.

2. The difference between CMC and MCM is that C-M-C is selling in order to buy, while M-C-M’ is buying in order to sell and end up with more money than you started with.

3. M’ means the original money plus surplus value, or profit. It is more money than the capitalist started with.

4. Labor power is a worker’s ability to work. It is different from the actual labor the worker performs and is important because it can create surplus value

5. Money becomes capital when it is used to buy things needed for production, such as buildings, machines, raw materials, and labor power, which are then used to produce commodities that can be sold for more money.

6. Surplus labor is the part of a worker’s labor that goes beyond the labor needed to cover the value of their wages. This unpaid labor creates surplus value for the capitalist.

7. The main idea to understand is that capitalists can increase surplus value by making workers work longer, increasing productivity, or increasing the intensity of labor. Jalee describes these as ways of increasing surplus value.