The production of surplus value is directly related to the rate of exploitation of workers in the workplace (total surplus value divided by wages). There are essentially two ways to increase this rate. The production of absolute surplus value entails an increase in the amount of total value produced, usually by increasing the workday of […]

One of the most fundamental aspects of society is its economics system, i.e. the mode of production. At the basic level, a mode of production is the means (physical objects) and social relations with which societies produce the material necessities for their existence. All societies must be sustained with food, clean water, shelter, etc. Attaining […]