2 ms·
That is capital that owners had to pay for in full, so there’s no creation of value happening. The owners obtained this capital from the profits extracted from
by lucian1900 6y ago
That is capital that owners had to pay for in full, so there’s no creation of value happening.
The owners obtained this capital from the profits extracted from other workers in the past or, if early enough, the appropriations known as primitive accumulation.