Product stands in relation to Capital. Capital is more than currency, it is the value of the objects in our world-- one that defines these objects (tables chairs whatever) in relation to supply, demand, raw material, labor power. Such objects are fetishized or objectified by the economic order. The product is produced from industry involving machinery: refrigeration, robotic arms, trucks, conveyor belts, gas-powered saws. This may enable the producer to make the product cheaply with a minimum of effort (on behalf the laborer). This is not necessarily the case though, because what will turn out to be the value of the product is always going to be More than the sum total of the raw materials, industrial upkeep, and labor wages. The capitalist is in the business of surplus-value. He is making products that can be sold for more than the cost.. To do this he must exploit the wage-earner. The laborer, who does not own the means of production sells his labor to the capitalist-- and the capitalist chooses him/her on the basis of competition. The cheapest and most efficient workers will be employed, others discarded.
The product to become a product must satisfy the demands of society. A product need not be complicated-- for instance "produce" is transformed by the same process that tables and chairs and pre-school classes are. The product comes into existence on the backdrop of Capital, it has an exchange value that is determined by market forces (supply and demand) which are kept in check by suppression of supply-- burning of food stockpiles, or artificial constraint of supply as with OPEC and DeBeers. The product must satisfy, so the demand must be avilable or likewise maufactured (advertising). Then the consumer purchases it, Apart from the visible signs of industry aside from the ennui of the cash register, though industry continues right up to the floor sweeper, the bagger and cashier. it is a kindder friendlier strata of work (to preserve the allure and allay skepticism over the purchase).. The consumer pays the surplus value in recognition of the service and efficiency of the store, or on the stock market in recognition of the value of the stock -- Capital is calculated apart from the exploitation which is the necessary condition of it coming into existence.
2006-07-15 04:58:01
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answer #1
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answered by -.- 6
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Here's the simplest:
noun
1 : the number or expression resulting from the multiplication of two or more numbers or expressions <15 is the product of 3 and 5>
2 : something produced
2006-07-14 22:22:37
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answer #2
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answered by riverhawthorne 5
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its the thing ur company making,its one of those so many different thing which ur company making,that we can use as a dealer or consumer,we are using those things,its called as product,wich was produce by a source,source can produce so many product.proudt is known by source only.
2006-07-14 22:23:44
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answer #4
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answered by Dj Div 5
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