simple commodity production

views updated May 23 2018

simple commodity production This is a deductive Marxist concept which describes the production of commodities without surplus value: that is, without wage labour and capitalist profit. The definition is similar if not synonymous with petty commodity production, although some Marxists argue that unlike the latter it is a logical, rather than a historical or empirical category. The term itself was more often used by Friedrich Engels than by Karl Marx himself.

production, simple commodity

views updated Jun 11 2018

production, simple commodity See SIMPLE COMMODITY PRODUCTION.

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