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

ACapital investment and profit

BManpower of laborers and its price

CNatural resources and their exploitation

DTechnological advancement and innovation

Answer:

B. Manpower of laborers and its price

Read Explanation:

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.


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