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Level 2

Conceptual Essentials


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Labour power
The commodity sold by the worker
Surplus Value
The value created in excess of the need of a worker to survive
Means of production
Commodities used to produce value
Market
Where exchange and circulation of commodities takes place.
Revolution
A change in the mode of production
Mode of production
The organizational form of labour and means of production
Social relations
The prevailing form of ownership, production and politics
Communism
The real movement which abolishes the present state of things
Class conflict
Political or economic struggle between different interest groups
Means of subsistence
The commodities required for a worker to reproduce their labour power