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simple commodity production


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Friedrich Engels (1820—1895) businessman and revolutionary leader

capitalism

 

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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.

Subjects: Sociology.


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