tendency of the rate of profit to fall (Q1199857)

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hypothesis in Marxist economics that, since technological innovation replaces people with machinery and since only labor produces additional value, surplus value per capital decreases, and the average rate of industrial profit falls in the long term
  • TRPF
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tendency of the rate of profit to fall
hypothesis in Marxist economics that, since technological innovation replaces people with machinery and since only labor produces additional value, surplus value per capital decreases, and the average rate of industrial profit falls in the long term
  • TRPF

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