Political Science · Political Ideologies
According to Karl Marx's analysis of capitalism:
- 1Profit is derived from the mere ownership of the means of production, regardless of labor input.
- 2Profit ultimately depends on the exploitation of labor, which creates value over and above what is necessary to pay wages.✓
- 3The competitive market is expected to lead to the spread of the capitalist mode of production, reducing differences between countries.
- 4Capitalism ensures that goods are produced only if there is a demonstrated social need for them, guaranteeing profit for the holder of capital.
Correct answer
Profit ultimately depends on the exploitation of labor, which creates value over and above what is necessary to pay wages.
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