Do the questions below. ( every questions should be more than 200 Term Paper - 1

Do the questions below. ( every questions should be more than 200 words) - Term make-up ExampleBy analyzing commodity in terms of use- pry, the diversity of production is reflected through it since the generated goods are non limited to few modes of use. Exchange- pass judgment, likewise, signifies commodity by assigning to it various kindreds that are often sexual congress to homophile aim and preference. There are, however, occasions when utilization of something ceases or time when people could no longer picture accidental worth and equivalence between things and for this ground, it becomes complex to make commodity yield a wiz compact definition. In association to human travail, commodity is evaluated as the first product of the worker and thus, possesses inherence in this aspect. Consequently, commodity whitethorn be defined as an entity of intrinsic value which quarter be utilized often or be found in the process of trade at times after it has underg mavin production where it begins to acquire value and be translated between value forms. Q.140. Can you think of determinants of the labor process which do not belong to it as useful labor? With reference to Marxs proposition, one such determinant can be human labor in the abstract since such labor, though not used in the actual process of creating tangible goods, is capable of value formation. By abstraction, a value found in the output of concrete labor is translated through exchange. Hence, since trade makes it possible to maintain value, the labor process need not depend upon concrete or useful labor at all times for it can meet production demands via unseen workers as well. A pertinent model of this is manifested in the development of cash economy where Marx observes that In proportion as exchange bursts its local bonds, and the value of commodities more and more expands into an embodiment of human labour in the abstract, in the same proportion the point of reference of money attaches itself to commodities that are by nature fitted to perform the social function of a universal equivalent (Marx Vol. 1, Part 1, Chap. 2, Par. 9). Similarly, labor derived by manual efforts can be made equivalent to certain machines at work which are altogether part of capitalist assets even if no useful labor is undeniable to operate them. These tools may be treated as determinants to the labor process since their collective functions are lifelessness integrated to the entire scheme of production, affecting the manual labor utilized at stages where mechanical results can determine whether more or less number of labor hours must be expended. Q.184. What is according to Marx the relative value of a commodity? To describe the principle of relative value, Marx exemplifies the bodily form of commodity B becomes the value form of commodity A, or the body of commodity B acts as a mirror to the value of commodity A. By putting itself in relation with commodity B, commodity A converts the value i n use, B, into the substance in which to express its As own. The value of A, thus expressed in the use value of B, has taken the form of relative value. Based on this, relative value may be perceived as measure of significance of an object relative or with respect to the storey of significance of another to which the former is held in comparison. Through linen-coat example, Marx illustrates how relative value may be dumb in the light of value expression. According to Marx, value only emerges upon the confrontation of its equivalent and