Question

A rebuilt bicycle is worth a certain amount because it takes that much labor to produce it. Who did Marx believe should be compensated for the bicycle?

A. The laborer who rebuilt the bicycle should receive the value in full..
B. The owners of the company should keep the amount as profit.
C. The seller should receive the value in full.
D. The amount received for the bicycle should go back into the company.

Answer 1

Option A. Marx believed that the laborer who rebuilt the bicycle should be the one to receive the value in full.

Step-by-step explanation:

Karl Marx was a German philosopher, revolutionary and economist among other things. In his study of economy, he stated how, in economy, all value comes from human beings being productive and conducting labor. Marx expressed that the main flaw of the capitalist system is that the capitalist appropriated the means of production to himself, this is to say the labor done by the worker. Therefore, the solution for Marx would be that the laborer who rebuilt the bicycle should receive the value for it.