Capital in the form of commodities. It is the functional form of capital adopted in the third stage of the circuit of industrial capital, i.e., the stage of sale, and its function is to recover the value of capital advanced and to realize surplus-value through the sale of commodities and the transformation of commodities containing surplus-value into money. Commodities that contain surplus-value perform the functions of capital in the process of sale in the market, so commodity-capital is capital that exists in the form of commodities. Marx pointed out that commodities become commodity-capital as a functional form of existence—stemming directly from the process of production itself—of capital-value which has already produced surplus-value…
Article Length: 1,547 characters
Own the print edition of The Great Dictionary of Marxism for unrestricted study and reference.
