means of production and labor.

=Means of productions refers to resources and tools needed to make a product (wood, plastic, iron..) and that is when labor is needed to work with those resources and tools in this case people do labor i their daily life

 what is value?  What give “value” to value, what makes something valuable? 

= Value is what something is worth depending on any category like effort, time, innovation…. something is valuable when getting to that point takes valuable resources and work

How are labor and value related?

=Labor and resources are related because both need each other to exist, and both need any sort of purpose when getting resources to make them valuable through effort

How do you understand the difference between labor and labor power? 

= Labor power is capacity of working and labor is when somebody works also Labor comes with labor power but what is being bought, if you do labor for a wage, is your ability to do labor, not the amount of labor “Capitalism owns it” just like the means and the extra value produced by workers

Surplus Value: what is it?

=When it comes to the Marxist theory is says that the value from the labor is higher than what they are getting awarded for it when can see it in the way capitalism works and treat the working class it is important to understand how the working class is relies on “labor exploitation” when comprehending surplus value especially in today’s days

 

 

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