So I've read that the Great depression had a deflationary effect on Commodities.
I'm a bit of a finance-brainlet/newfag, but what does this mean?
The rate of profit on investment decreases for the average commodity,
where the commodity is priced like this:
c + v → c + v + s.
Do the prices decrease in the immediate-term because the surplus varies?
So what I mean is that, is C+V+S the exchange value that is paid for on average, and does the Capitalist change the price freely such that it matches average market price with supply/demand BUT the minimum price is determined by Labour and Capital input, ie C+V?
I know that the Worker generates the surplus that it sells for. Am I right?
Someone Econ pill me.