Economic sim games were much more useful to me
hey, you!
juozokas wrote:
what you need to realise is If we look at the schematic of the production process
C=c+v+s
v is obviously less than c+v+s. But C, the value of the final product, is not a fixed quantity. It should rather be described as C ' or C+deltaC as capital must continuously grow and expand.
The commodities emerging from the production process must be exchanged for money which in its turn is further exchanged for money which in its turn is further exchanged for commodities:
C '1 -M-C2 or to make it clearer, c+v+s=C '1 – M - C2
As this is an exchange of equivalent values then C2 must equal C'1 ( C2 which must be equal to the expanded value of C1 which is represented by the apostrophe.)Okay?!! You got that?!
Emeritus Professor Of Everything Revol 68 will be along shortly to point out how string theory and quantum mechanics negate crucial parts of this equation.
what you need to realise is If we look at the schematic of the production process
C=c+v+s
v is obviously less than c+v+s. But C, the value of the final product, is not a fixed quantity. It should rather be described as C ' or C+deltaC as capital must continuously grow and expand.
The commodities emerging from the production process must be exchanged for money which in its turn is further exchanged for money which in its turn is further exchanged for commodities:
C '1 -M-C2 or to make it clearer, c+v+s=C '1 – M - C2
As this is an exchange of equivalent values then C2 must equal C'1 ( C2 which must be equal to the expanded value of C1 which is represented by the apostrophe.)
Okay?!! You got that?!