According to Karl Marx (1867), which of the following factors of production did not contribute anything of value to production?
A)labour
B)capital
C)natural resources
D)entrepreneurship

Question

Quizplus · Accepted Answer

According to Karl Marx, only labor contributes value to production. He argued that capital, natural resources, and entrepreneurship are all derived from labor and therefore do not contribute independent value. Marx believed that the value of a product was determined by the amount of labor necessary to produce it, which he called the labor theory of value.

According to Karl Marx (1867), Which of the Following Factors