Perm, Russia

Physical Processes of Mining or Oil-and-gas Production

Физические процессы горного или нефтегазового производства

Integrated Master's degree
Table of contents

Physical Processes of Mining or Oil-and-gas Production at Пермский национальный исследовательский политехнический университет

Language: RussianStudies in Russian
Subject area: engineering and engineering trades
University website: pstu.ru

Definitions and quotes

Mining
Mining is the extraction of valuable minerals or other geological materials from the earth, usually from an orebody, lode, vein, seam, reef or placer deposit. These deposits form a mineralized package that is of economic interest to the miner.
Production
Production for sale in a market in which the object is to realize the maximum profit is the essential feature of a capitalist world-economy. In such a system production is constantly expanded as long as further production is profitable, and men constantly innovate new ways of producing things that will expand the profit margin.
Immanuel Wallerstein (1979) The Capitalist World-Economy. p. 15.
Production
The product of mental labor — science — always stands far below its value, because the labor-time necessary to reproduce it has no relation at all to the labor-time required for its original production.
Karl Marx Addenda, "Relative and Absolute Surplus Value" in Economic Manuscripts (1861–63).
Production
Capitalism [is] a system of wage-labour and commodity production for sale, exchange, and profit, rather than for the immediate need of the producers.
Gordon Marshall ed. The Oxford Dictionary of Sociology, 2nd edition. Lemma "Capitalism".
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