It’s how Marx describes capital accumulation takes place in capitalist economies. M-C-M’. M is money. C is commodities. M’ is money but in higher quantity than M. It is a way of saying that you start off with some money, you use it to buy commodities then sell those commodities for a profit, ending up with more money than before.
What is MCM? Searching for it yields fashion brands and some other unrelated junk
It’s how Marx describes capital accumulation takes place in capitalist economies. M-C-M’. M is money. C is commodities. M’ is money but in higher quantity than M. It is a way of saying that you start off with some money, you use it to buy commodities then sell those commodities for a profit, ending up with more money than before.
Got it, thank you