Surplus Value definition
Meaning of surplus value
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Glossary of social sciences terms
Surplus Value meaning and definition :
Surplus value. Marx's concept for the value of an individual's labor power (calculated by the amount of value the labor contributes to the product minus the amount of money paid to the worker by the capitalist). The conventional name for this difference is profit--thus the whole capitalist system is based on "expropriating" surplus value (or stealing labor) from workers.
For the term surplus value may also exist other definitions and meanings, the meaning and definition indicated above are only indicative not be used for medical and legal or special purposes.
Source: http://www.faculty.rsu.edu/users/f/felwell/www/glossary/GLOSSARY%20OF%20THE%20SOCIAL%20SCIENCES.docx
Source web site to visit : http://www.faculty.rsu.edu/
Author : Frank W. Elwell
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Glossary of social sciences terms
What does it mean surplus value
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