Question

Use concepts of use-value, exchange value, commodity, labor, labor power, surplus labor, exploitation in 6 or more sentences that reflect how industrial works?

Answer 1

These concepts can be used to reflect the industrial work in various ways. Industrial work is about the working, it's production, profit -loss from work, etc.

• Machineries are used to get desired production. (Use value concept is something when we use a thing and in return when we get something in terms of its value. Here, Machineries are reflecting industrial work.
• Work is done by labour in exchange of money .(Exchange value concept is the concept that reflects value when we exchange a particular thing. In Industries we are exchange the labour effort in form of labour power with money and also at the same time value paid for their work is exchange value.)
• Inputs are used in production of goods and services. (commodity are in the form of inputs that reflects it's importance in industries here.)
• Factors of production are used to derive supply. (Labour concept about the use of physical and mental effort to derive supply. And labour is only the factor of production that play in the industrial as primary role by its physical presence or live existence.)
• Production will reach at higher level if excess resources are fully utilized. (Labour surplus is there when there is excess of labour than required. In industries whenever there is excess resources they may not be fully utilize by producers, sometimes when producers are stick to particular level then production will not reach higher level. )
• Labour union is working to provide appropriate level of resources in order to remove its negative effects. (Exploitation is done generally whenever there is excess of resources in industries. So labour union will provide only appropriate resources so as to remove exploitation . Here the working of labour union in order to provide resources like -labour represent industrial work.)

Hence these are can be used in many ways to reflect industrial work. These all can be interpreted in one or two sentences also. In industries each and every firm is working only to earn benefit whether in form of higher productivity, competitive position, etc. The use of these concepts simply means to reflect whole industrial sector. As they get input in the form of resources and then utilized them and then in return they paid them appropriate wages or money for their labour power, their extra work, etc. This is like a chain in economy.