Define the terms constant capital, variable capital, and surplus Essay

Define the terms eternal capital, shifting capital, and surplus value. What role do these three factors play in the process of capital accumulation - Essay ExampleMoreover, capital posterior never exist not unless it is produced. Thus, to create capital, it must be combined with labor in flip with money and skill (Brewer, 1984). Capital can be claimed and its ownership transferred to a different individual. Hence, most governments suck in restrictions or rather regulations that limit how capital is used. Thus, this paper presents different forms of capital constant capital and variable capital. In addition, it will discuss the surplus value in relation to capital accumulation.According to Marx (2004) constant capital refers to the part of capital that is fully represented by all the means of production, the raw materials, the appendix materials and labor instruments which do not undergo value alteration in the process of production. Thus, it includes the money outgo on fixed a ssets such as buildings, machinery and land, raw materials such as the externally purchased services and hap expenses. In addition, constant capital can be described as the proportion of capital which is invested and includes the go constant capital and the fixed capital. Fixed capital is a portion of constant capital that has been in advance(p) and breaks as the factors of production, in the labor category. Hence, a finished product alongside the materials that were used to create it be brought out from the production process and passed into circulation (Marx, 2004). However, the labor instruments remain intact in the sphere of production since their function expects them to be static. These static instruments that remain behind after a production procedure is complete atomic number 18 thus referred to as fixed capital which passes part of its value to the final product due to tangle with and tear. The value of fixed capital steadily decreases to a point where the labor inst rument is completely listless out as a result of repeated series of production processes. The