surplus value



Difference between a worker's wages (exchange value) and the value of goods and services he or she produces (use value). Since use value is (or should be) always higher than the exchange value, workers produce a positive surplus value through their labor. German philosopher-economist Karl Mark (1818-83) used surplus value as a measure of worker exploitation by capitalism.

Use surplus value in a sentence

  • You must keep up the surplus value of your product and be able to get rid of it when the time comes.

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  • I was interested in the surplus value because it had always been something I wanted to know and I wanted to know the difference between my wages and the value of the goods I produced.

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  • The surplus value must always exist as the business owner wants to make a profit at every point in the process.

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