際際滷s week 2 pdf test
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The document discusses the process of capital accumulation through the production of iPhones. It shows that while the total cost of parts for an iPhone is approximately $188, the phone retails for $800 in Australia, generating a profit of $605 for Apple. This profit is generated primarily from the labor of workers, who are paid far less than the value they create, demonstrating the inequality between the working class and capitalist class under modern global capitalism.
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際際滷s week 2 pdf test
- 1. Sociology Labour and Capital The Political Economy of modern global capitalism
- 2. Process of capital accumulation Cost vs profits for iPhones
- 3. Process of Capital Accumulation iPhones Cost of all parts approx. AU$188 Cost of parts Cost of labour Wireless $24 24蔵 Retina display $23 14蔵 Touch screen $14 14蔵 Hardware $20 20蔵 Other parts $107 $1.01
- 4. Labour for assembling iPhone: $7 + distribution cost (varied) Sale price in Australia $800
- 5. Approximate profit for Apple on iPhones from their stores in Australia $605 ($800-$195) Profit made from wages: $8.88 Capital made: $791.12
- 6. Basis of inequality Division between the producing working class and the profiteering capitalist class