There is a distinction between a wider and a narrower sense. The concept of capital in a narrower sense refers specifically to the capital in the capitalist economy. The wider concept of capital includes a wider range, for example commercial capital and loan capital prior to capitalism. The concept of capital is also applied in Chinese socialist economy. The capital referred to here specifically in the capitalist economy refers to the value of surplus-value that can be obtained by purchasing laborer’s labor-power, reflecting the capitalist relations of production…
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