THE ROARING 20S 1920 1929
AMERICAN ORGANIZED CRIME OF THE 1920S
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A very efficient process through which products are created.
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Investing in something while hoping that its value will rise without any solid fact to back up that belief.
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Production of more of a product, commodity, or substance than is wanted or needed.
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A method of attracting customer to a product.
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Detailed explanation-1: -For instance, clothes are used for warmth and a machine tool is used in production. The fact that two different commodities can be exchanged is because there is something in common between them. Every commodity item is created by human labour and is the crystallization of human labour without any distinction.
Detailed explanation-2: -Consumption and surplus value Organizing the production of commodity according to contract is a system developed gradually after the commodity production of capitalist society developed into the stage of productive surplus and was restrained by economic crisis.
Detailed explanation-3: -For Marx, capitalist crises are crises of “overproduction”: too many commodities are produced than can be profitably sold, and too much capital has been invested in industry, in the attempt to claim a share of the available profits.