Question

According to Karl Marx, what is the basis of production and the reward for it ?

• A. Capital investment and profit
• B. Manpower of laborers and its price
• C. Natural resources and their exploitation
• D. Technological advancement and innovation

Answer 1

Answer:

B. Manpower of laborers and its price

Karl Marx

• Marx gave importance to the role of labourers in the production process.

• The basis of production is the manpower of labourers and the price of a product is the reward for it. However, the labours get only a portion while the lion’s share goes to the capitalist as profit. Marx calls this surplus value.