Glossary of Marxism-Leninism

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Commodity

August 11, 2022 USU Editorial Board 0

Any product made with the intention of exchanging it to realize surplus value, rather than made for use (use value). Commodity production is the basis of the modern capitalist economy.

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Commodity production

August 11, 2022 USU Editorial Board 0

A mode of production that underlies the modern capitalist economic model. Commodity production is an economic relation that relies on:   1. the existence of wage labor;   2. the […]