Košice, Slovakia

Production Techniques

Table of contents

Production Techniques at Technical University of Košice

Language: English Studies in English
University website: www.tuke.sk

Definitions and quotes

Production
Production for sale in a market in which the object is to realize the maximum profit is the essential feature of a capitalist world-economy. In such a system production is constantly expanded as long as further production is profitable, and men constantly innovate new ways of producing things that will expand the profit margin.
Immanuel Wallerstein (1979) The Capitalist World-Economy. p. 15.
Production
The product of mental labor — science — always stands far below its value, because the labor-time necessary to reproduce it has no relation at all to the labor-time required for its original production.
Karl Marx Addenda, "Relative and Absolute Surplus Value" in Economic Manuscripts (1861–63).
Production
Capitalism [is] a system of wage-labour and commodity production for sale, exchange, and profit, rather than for the immediate need of the producers.
Gordon Marshall ed. The Oxford Dictionary of Sociology, 2nd edition. Lemma "Capitalism".
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