<Li> The appropriation of the new output produced by employees, containing the added value . </Li> <Li> The realisation of surplus - value through output sales . </Li> <Li> The appropriation of realised surplus - value as (profit) income after deduction of costs . </Li> <Li> The reinvestment of profit income in production . </Li>

In a capitalist laissez-faire economy the allocation of resources is determined by