Explain in Detail Marx's General Formula for Capital

question 37

Essay

Explain in detail Marx's general formula for capital. In your explanation define and relate the connection commodities and surplus value have to the general formula.

---

Definitions:

Purchase

The act of obtaining goods or services in exchange for money, which can be recorded as an asset or expense depending on its use.

Account

A record in financial accounting that tracks the increase and decrease of financial values, such as assets, liabilities, revenues, and expenses.

Revenues

The total income generated from normal business operations and before any expenses are subtracted.

Stockholders' Equity

The residual interest in the assets of a corporation that remains after deducting its liabilities. It represents ownership interest.