Question

What is abstract labor? Is it substance? Is it inherent in individual use values? How should...

  1. What is abstract labor? Is it substance? Is it inherent in individual use values? How should we understand abstract labor? What is the relationship between abstract labor and value? Between abstract labor and exchange value?

Homework Answers

Answer #1

Abstract labor is defined naturally as An aspect of actual human labor which is categorically defined as economically valuable worktime.

This form of labor is not inherent in individualistic use values as different individual have different school of thought and ethical guided principles.

Abstract labor in nominal layman terms is regarded as an ability to create particular kind of product and value forming activities in an economic sense which contributes to higher values when labor productivity is maximised.

Exchange value is the value of good in proportional to other good upon exchange. Hence the exchanges value maximises when abstract labor is maximum as for example hand made gold is abstract labor and resell value or exchange value is higher for it.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
an experiment is being done. there are two vials. each vial comtains a pure substance. these...
an experiment is being done. there are two vials. each vial comtains a pure substance. these two substances are either the same compund,enantiomers or diasteromers. what physical properties should analyze to determine the relationship btwn the compounds. explain how the physical properties would allow the chemist to understand the relationship.
Should the labor we donate when we volunteer be deductible? How would it be calculated? What...
Should the labor we donate when we volunteer be deductible? How would it be calculated? What would be the advantages and disadvantages?
Ethics vs. Ethos Philosophical ethics distinguishes between what people do value from what people should value....
Ethics vs. Ethos Philosophical ethics distinguishes between what people do value from what people should value. Ethics asks us to step back and rationally evaluate the customary beliefs and values that people do hold. Philosophical ethics requires us to abstract ourselves from what is normally or typically done, and reflect upon whether or not what is done, should be done, and whether what is valued, should be valued. The difference between what is valued and ought to be valued is...
- How do we use sample results to estimate values of population parameters? - What are...
- How do we use sample results to estimate values of population parameters? - What are the best point estimates of the population proportion "p", population mean "μ" and standard deviation "σ"? Why? - How accurate is the sample result of 85% likely to be? - Given that only 1,007 people were polled in the population of 241,472,385 adults, is the sample sample size too small to be meaningful? - What is a critical value? How is it related to...
what are the statistical analysis to use to find the strength of the relationship of two...
what are the statistical analysis to use to find the strength of the relationship of two different categorizes and the statistical analysis to understand how much a statistical significant difference between the two categorizes?
What is the difference between book value and market value? Which should we use for decision-making...
What is the difference between book value and market value? Which should we use for decision-making purposes?
Read the following abstract: "What is different about life? Why do life sciences require different science...
Read the following abstract: "What is different about life? Why do life sciences require different science and mathematics? I address these issues starting from the obvious: all of life is inherited from genes. Twenty thousand genes of say 30 atoms each control an animal of 1025 atoms. How is that possible? Answer: the structures of life form a hierarchy of devices that allow handfuls of atoms to control everything. A nerve signal involves meters of nerve but is controlled by...
What does Henry Ford understand about the American worker and also the American consumer? How does...
What does Henry Ford understand about the American worker and also the American consumer? How does this realization change the relationship between capital (those who own the factories) and labor (those who work at the factory)?
1-How often should you test the urine during labor? 2-What should you do for a mother...
1-How often should you test the urine during labor? 2-What should you do for a mother with hypotension? 3-How do you recognize shock in a pregnant mother? 4-What are the common causes of shock in the first stage of labor? 5-What volume of urine passed indicates oliguria (decreased urine output)? 6-What are the causes of oliguria in pregnancy?
Regression ____ (b values) indicate how much influence each independent variable has on the dependent variable....
Regression ____ (b values) indicate how much influence each independent variable has on the dependent variable. Regression analysis serves two main purposes: to define the relationship between variables and to ____ values of the dependent variable using what we know about the existing correlation between the variables. The coefficient of multiple determination, R^2, is interpreted as the percentage of ____ in the dependent variable that is explained by the independent variable.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT