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Essay / Research Paper Abstract
This 8 page paper considers what difference it makes to output, production-technique and income-distribution decision in the construction industry that that production is a capitalist production system. The bibliography cites 7 sources.
Page Count:
8 pages (~225 words per page)
File: TS14_TEconcapial.rtf
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Unformatted sample text from the term paper:
self sustaining cycle. There is little doubt that under a capitalist system there is a major impact on this industry output, production techniques and income-distribution decisions.
To consider this we first need to look at the capitalist system of production. For this we need to look initially to Marx. In understanding his idea we must first
understand the terms he uses, however it is vital to understand that Marx in general terms divided people into two classes, the oppressed and the oppressor, if you do not
belong to one you belong to the other. The bourgeoisie he see as springing from the remains of a feudal system, where they can be seen as the middle class
who have developed and evolved, in todays language we can almost call them upper class wannabes and the owners of capital. Capital being the way in which wealth could be
created from assets other than ones own labour. The bourgeoisie were the class opposite to the proletariat who are the lowest working class, with no capital of their own and
without their own production means must earn a wage by the sale of their labour. The capital is the investment that facilitates that labour and the
means of production capitalism is the system by which this occurs and it is the bourgeoisie and they invest with the aim of creating more capital the value is added
with the use of the labour from the proletariat who do not have capitalist, they only have their labour to invest for a return (Littlefield and Reynolds, 1990).
The level of that return given for the labour would also be low enough to ensure that there is not a build of capital proletariat so that they need
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