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History GK · Q332

World History

Competitive Exams · History GK · question 332

Q332

According to Marx, the source of value is

A.
Capital
B.
Land
C.
Labour
Answer
D.
None of the above

Answer: Option C

Solution

Answer: Option C
Solution:
The labor theory of value is a major pillar of traditional Marxian economics, which is evident in Marx's masterpiece, Capital (1867). Marx argued that the theory could explain the value of all commodities, including the commodity that workers sell to capitalists for a wage. Marx called this commodity “labor power.”