In Das Kapital, Volume 1, Marx states that exchange value of three different commodities such as corn, iron and linen _______
Show Hint
- cannot be calculated as different kinds of human labour are necessary to produce them
- cannot be calculated as their use value and exchange value are different
- can be calculated using abstract labour time which provides their respective exchange value
- can be calculated using abstract labour time which provides their respective use value
The Correct Option is C
Solution and Explanation
Step 1: Understand Marx’s concept of value in Das Kapital.
Marx distinguishes between use value and exchange value. The exchange value arises from the amount of abstract socially necessary labour time spent in production.
Step 2: Analyze the correct choice.
(C) is correct: Abstract labour time serves as the common denominator for calculating exchange value across different commodities like corn, iron, and linen.
Top Questions on Labour Sociology
Questions Asked in GATE XH- C6 exam
Here are two analogous groups, Group-I and Group-II, that list words in their decreasing order of intensity. Identify the missing word in Group-II.
Abuse \( \rightarrow \) Insult \( \rightarrow \) Ridicule
__________ \( \rightarrow \) Praise \( \rightarrow \) Appreciate
- A car started from city P at 9:40 AM. The time taken for the car to reach city Q is 4 hours and 50 minutes. The time of arrival of the car at city Q is:
- Consider a square field ABCD. The diagonal AC is 50 meter. The cost of laying grass in the field is Rs. 5 per square-meter. The total cost for laying grass in the field ABCD is Rs. ________ (rounded off to two decimal places).
In the following figure, four overlapping shapes (rectangle, triangle, circle, and hexagon) are given. The sum of the numbers which belong to only two overlapping shapes is ________
- Many countries are facing water shortage crises in the past few years. A report of the United Nations has named India among the worst countries for poor quality of water. The report ranks 122 countries according to the quality of their water as well as their commitment to improve the situation. Some countries in Europe are considered the worst because of the quality of its groundwater. Rain failed in some parts of India in the past. The vast areas of Rajasthan, Madhya Pradesh, and Andhra Pradesh were affected by severe drought. People without water turn desperate and violent. Consequently, the food godowns were attacked in some of the states. Based on the details given in the passage, which of the following option(s) is/ are correct statement(s)?