Explore "Capital, Volume Three: The Process of Capitalist Production as a Whole" by Karl Marx on Textopian. Read with annotations and highlights.
It has been shown that the value of commodities, or the price of production regulated by their total value, resolves itself into:
1) A portion of value replacing constant capital, or representing past labour, which was used up in the form of means of production in making the commodity; in a word, the value, or price, which these means of production carried into the production process of the commodities. We are not referring at all here to individual commodities, but to commodity-capital, that is, the form in which the product of the capital during a definite period of time, say a year, manifests itself; the individual commodity forms one element of commodity-capital, which, moreover, so far as its value is concerned, resolves itself into the same analogous constituents.