1. If I would explain the means of production, I would explain it as to create or produce a product that will benefit the person who is producing. Productions are made, for example, the video that the narrator in the video created is considered a product because he created the video. Labor is the only that can increase the value of what an individual has. For example, if an individual buys a book and does nothing with it, its value will remain constant. But if individual labor to carve that wood into a chair, then the individual will increase its value.

2. Based on the ideas presented in video 5.1, value is the worth of a product. The speaker in the video talked about how when an individual buys a block of wood and does not do anything with it, its value will not change and will stay constant. Until the individual carves the wood to make a chair for example, then its value (worth) will increase because the individual took their time and effort into making the wooden chair. 

3. Labor and value are both related because when an individual spends a longer amount of time producing a product, then its value will increase. Hence, that is why artists sell their paintings for an expensive amount of money because they put all their effort and time into making the paintings. Labor is when humans work and value is the worth of the goods that the humans are creating. 

4. Labor is defined as when humans work to produce goods that they can sell. Labor power when applied increases the value of what the individual has. Labor power is found only in individuals, and when they work, they rent out their labor power for the day. So, labor and labor power are different because labor requires the amount of time the individual takes, unlike labor power, where the work is getting sold.

5. Surplus value is the excess of value that is produced by the labor of workers over the wages they are paid. To clarify, surplus value is the difference between the amount raised through a sale of a product and the amount the boss of the workplace will make the product cost. It is important that we know about the surplus value in our study of social classes so that we know that the workers and the boss are not getting an equal amount of money. The boss is mainly in the higher class and the worker is in the much lower class.