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Libertarian Marxism is one of the main currents of libertarian socialism. It refers to a broad scope of economic and political philosophies that emphasize the…

This article talks about Valorisation, which provide for the maintaining of the value or price of by a government’s purchasing the commodity at the fixed…

Superprofit is a concept in Karl Marx’s, which is excess of the actual profit of an enterprise over the amount necessary to pay interest at…

Relations of Production allows one to understand both the state and the market as two different forms of expression of capitalist relations and thus a…

This article describe about Exploitation of Labour, which is what occurs when an employer pays laborers less than their labor is worth. It actually refers…

Productive and Unproductive Labour is situated in its context, by relating it to the central propositions of Marx’s political economy. In neoclassical economics, the distinction…

Primitive Accumulation of Capital was laid by the development of the productive forces, the growth of commodity and money relations, and the formation of sufficiently…

Compensation of Employees is the total amount an employee can expect to receive when working for an organization. It refers basically to the total gross…

This article talks about Wage Share, which is related to the capital or profit share, the part of income going to capital, and which is…

Value Added Theory is a perspective within the functionalist tradition based on the idea that several conditions must be in place for collective behavior to…

Product Lining is a series of different products which form a group, all made by the same company. It is amarketing process where in products…

This article describe about Disruptive Innovation, which is the process of developing new products or services to replace existing technologies and gain a competitive advantage.…