Pls help with below homework, dont copy answer from chegg. How does rising organic composition of capital threaten profitability in the capitalist system and What counter-tendencies prevent a secular decline in the rate of profit?
Pls help with below homework, dont copy answer from chegg.
How does rising organic composition of capital threaten profitability in the capitalist system and What counter-tendencies prevent a secular decline in the rate of profit?
The "organic composition of capital" is defined as the ratio of the value of the materials and fixed costs (constant capital) embodied in the production of a commodity to the value of the labor-power (variable capital) used in its production. capital's organic composition In value terms, the ratio of constant to variable capital in total capital. capital's organic composition In value terms, the ratio of constant to variable capital in total capital. This is known as the capital/labor ratio, or the proportion of output contributed by raw materials, machinery, and other inputs relative to labour.
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