1. Means of production in my understanding is having to do with the facilities you have access to, and anything in general that is used to produce said product. Labor is any type of work you do for money under a job classified and labeled as a job. 
  2. Value in short, summed up is the cost of something, how much it takes to produce such object and how many people buy it, the level it is consumed at. That gives something its value. 
  3. Labor and value are related because labor is usually done by humans, even given how far technology has come. Thats where value comes in, how hard does such person work, how many people does it take to produce such item, the value of things being made decides the labor that goes into it. 
  4. Labor is something humans have always done to produce crops, earn money, while labor power is the conditions and things you would have access to in exchange for your hours of labor, x amount of hours to eat x amount of hours. The amount of work you put in is what you get paid for the day, laboring for a job needs balance. 
  5. Profit, the profit it took to get you there and the profit you or your job earned from it. But only goes to your job, you get paid hourly, and most likely minimum wage regardless. Basically whatever you do even if your happy with what you earn weekly/daily, you should be earning more. Its important to know so that you know that you only get paid so much, even for all that extra work. Lets say you work over time to help out a customer and you dedicate your afternoon to helping her, and she buys 3 devices, you still only earn what you would earn hourly for that day.

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