• loathesome dongeater@lemmygrad.ml
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    2 months ago

    It’s how Marx describes capital accumulation takes place in capitalist economies. M-C-M’. M is money. C is commodities. M’ is money but in higher quantity than M. It is a way of saying that you start off with some money, you use it to buy commodities then sell those commodities for a profit, ending up with more money than before.