{"id":3359,"date":"2021-06-11T01:18:12","date_gmt":"2021-06-11T01:18:12","guid":{"rendered":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0502-introduction-to-american-government-summer-2021\/?p=3359"},"modified":"2021-06-11T01:18:24","modified_gmt":"2021-06-11T01:18:24","slug":"5-1","status":"publish","type":"post","link":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0502-introduction-to-american-government-summer-2021\/2021\/06\/11\/5-1\/","title":{"rendered":"5.1"},"content":{"rendered":"\n<ol class=\"wp-block-list\"><li><strong>Two key concepts in this video are the means of production and Labor. In your comment, explain how you understand the means of production and Labor. Give an example of each<\/strong>.<\/li><\/ol>\n\n\n\n<p class=\"wp-block-paragraph\">Production means the act of making or creating something out of components or materials or the state of being made. And Labor implies the amount of physical, mental, and social effort required to produce commodities.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">2.<strong>Another important concept in understanding social class is Value. Based on the ideas presented in Video 5.1, what is Value? What give &#8220;value&#8221; to value? What makes something valuable?\u00a0<\/strong>\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Based on the video, Value is the proportion of how much effort it takes to make something. How valuable the object is, how much work it is put into the work. For example, what makes something so expensive, or if there&#8217;s a message behind it.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>3.How are Labor and Value related? What&#8217;s the relationship\/connection between the two?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Labor and Value have a lot of similarities. The relationship\/connection between Labor and Value Is how the product of Labor is Value. The products that come from Labor make them valuable.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">4.<strong>How do you understand the difference between Labor and labor power? Hint: this is a key difference. Give it your best shot based on what the video says about it and your own ideas. We&#8217;ll clarify and develop it in our discussions and my video comments.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">\u00a0Labor generates the things and services; this is the part of the work that people live off; they make objects to sell to companies. And labor power is what they sell.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">5.<strong>Surplus Value: what is it? Why is it important to know about, in our study of social classes? Think about an example of surplus-value?<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The difference between the amount raised from a product&#8217;s sale and the amount it costs the product&#8217;s owner to make is known as surplus value. The term &#8220;surplus value&#8221; refers to the result of economic exploitation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Two key concepts in this video are the means of production and Labor. In your comment, explain how you understand the means of production and Labor. Give an example of each. Production means the act of making or creating something out of components or materials or the state of being made. And Labor implies the&hellip;<\/p>\n","protected":false},"author":3798,"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-3359","post","type-post","status-publish","format-standard","hentry","category-discussion-board-5-1"],"_links":{"self":[{"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0502-introduction-to-american-government-summer-2021\/wp-json\/wp\/v2\/posts\/3359","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0502-introduction-to-american-government-summer-2021\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0502-introduction-to-american-government-summer-2021\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0502-introduction-to-american-government-summer-2021\/wp-json\/wp\/v2\/users\/3798"}],"replies":[{"embeddable":true,"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0502-introduction-to-american-government-summer-2021\/wp-json\/wp\/v2\/comments?post=3359"}],"version-history":[{"count":1,"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0502-introduction-to-american-government-summer-2021\/wp-json\/wp\/v2\/posts\/3359\/revisions"}],"predecessor-version":[{"id":3360,"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0502-introduction-to-american-government-summer-2021\/wp-json\/wp\/v2\/posts\/3359\/revisions\/3360"}],"wp:attachment":[{"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0502-introduction-to-american-government-summer-2021\/wp-json\/wp\/v2\/media?parent=3359"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0502-introduction-to-american-government-summer-2021\/wp-json\/wp\/v2\/categories?post=3359"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/openlab.bmcc.cuny.edu\/pol-100-0502-introduction-to-american-government-summer-2021\/wp-json\/wp\/v2\/tags?post=3359"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}