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Monopoly and Monopolistic Competition: A Deep Dive into Market Power
Posted inEconomists

Monopoly and Monopolistic Competition: A Deep Dive into Market Power

Introduction: Understanding Market Power In the modern economy, not all firms compete equally. Some are price takers, while others are price makers. These firms, which hold market power, have the…
Posted by Ramon Cristian June 29, 2025
Economic principles of production and cost analysis: The Ultimate Guide for Managers and Students
Posted inEconomics

🔍 Economic principles of production and cost analysis: The Ultimate Guide for Managers and Students

Introduction: Why Production and Cost Analysis Matters In today’s competitive marketplace, successful businesses don’t just guess what to produce or how much to spend—they rely on economic principles of production…
Posted by Ramon Cristian June 27, 2025
Chapter 14 – Division of Labor and Manufacture – Capital – Volume 1 – Karl Marx
Posted inEconomists

Chapter 14 – Division of Labor and Manufacture – Capital – Volume 1 – Karl Marx

Summary Chapter 14 of Karl Marx's Capital explores the rise of manufacturing based on the division of labor. Marx describes two origins: the unification of distinct handicrafts under one capitalist…
Posted by Ramon Cristian May 19, 2025
Chapter 12 – The Concept of Relative Surplus-Value – Capital – Volume 1 – Karl Marx
Posted inEconomists

Chapter 12 – The Concept of Relative Surplus-Value – Capital – Volume 1 – Karl Marx

Summary In Chapter 12 of Capital, Karl Marx introduces the concept of relative surplus-value, distinguishing it from absolute surplus-value. Unlike absolute surplus-value—gained by extending the working day—relative surplus-value is generated…
Posted by Ramon Cristian May 17, 2025
Chapter 10 – The working day – Capital – Volume 1 – Karl Marx
Posted inEconomists

Chapter 11 – Rate and Mass of Surplus-Value – Capital – Volume 1 – Karl Marx

Summary Focus Keyphrase: surplus-value rate and mass in Marxist theory In Chapter 11 of Capital, Karl Marx explores how the rate of surplus-value (degree of exploitation) and the variable capital…
Posted by Ramon Cristian May 16, 2025
Chapter 9 – The rate of surplus-value – Capital – Volume 1 – Karl Marx
Posted inEconomists

Chapter 9 – The rate of surplus-value – Capital – Volume 1 – Karl Marx

Summary Chapter 9 of Capital by Karl Marx explores how surplus-value is created through the exploitation of labor in the capitalist system. Marx dissects the formula C = c +…
Posted by Ramon Cristian May 9, 2025
Chapter 7 – The Labor-Process and the Process of Producing Surplus-Value – Capital – Volume 1 – Karl Marx
Posted inEconomists

Chapter 7 – The Labor-Process and the Process of Producing Surplus-Value – Capital – Volume 1 – Karl Marx

Summary 🔍 Main Concepts Labor Process (Use-Value Creation)Marx defines labor as a transformative process involving human action and nature. It uses instruments, subjects (raw materials), and purposeful activity to create…
Posted by Ramon Cristian May 6, 2025
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Recent Comments
  • Chapter 13 – Co-operation – Capital – Volume 1 – Karl Marx on Chapter 14 – Division of Labor and Manufacture – Capital – Volume 1 – Karl Marx
  • Chapter 11 – Rate and Mass of Surplus-Value - Capital on Chapter 12 – The Concept of Relative Surplus-Value – Capital – Volume 1 – Karl Marx
  • Chapter 11 – Rate and Mass of Surplus-Value – Capital – Volume 1 – Karl Marx - Economics.MBA | Micro, Macro, Models and Economics Theories on Chapter 10 – The working day – Capital – Volume 1 – Karl Marx
  • Chapter 9 – The rate of surplus-value – Capital – Volume 1 on Chapter 10 – The working day – Capital – Volume 1 – Karl Marx
  • Chapter 9 – The rate of surplus-value – Capital – Volume 1 on Chapter 8 – Constant Capital and Variable Capital – Capital – Volume 1 – Karl Marx
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