surplus value
noun Date: 1887 the difference in Marxist theory between the value of work done or of commodities produced by labor and the usually subsistence wages paid by the employer

New Collegiate Dictionary. 2001.

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  • Surplus value — is a concept created by Karl Marx in his critique of political economy, where its ultimate source is unpaid surplus labor performed by the worker for the capitalist, serving as a basis for capital accumulation.The German equivalent word Mehrwert… …   Wikipedia

  • surplus value — ➔ value1 * * * surplus value UK US noun [U] ► ECONOMICS the difference between the amount a worker is paid and the value the worker adds to the goods or services produced: »In Marxist theory, the capitalist, after paying wages, becomes the owner… …   Financial and business terms

  • surplus value — n. in Marxist economics, the amount by which the value of the worker s product exceeds the wage the worker is paid, viewed as the source of capitalist profit …   English World dictionary

  • surplus value — (in Marxian economics) the part of the value of a commodity that exceeds the cost of labor, regarded as the profit of the capitalist. [1885 90] * * * ▪ economics       Marxian economic concept that professed to explain the instability of the… …   Universalium

  • surplus value — noun : the difference in Marxist theory between the value of work done or of commodities produced by labor and the usually subsistence wages paid by the employer compare labor theory of value …   Useful english dictionary

  • surplus value — noun The part of the new value made by production that is taken by enterprises as generic gross profit …   Wiktionary

  • surplus value — See capitalism ; exploitation ; labour theory of value …   Dictionary of sociology

  • surplus value — extra worth, extra value …   English contemporary dictionary

  • surplus value — noun Economics (in Marxist theory) the excess of value produced by the labour of workers over the wages they are paid …   English new terms dictionary

  • Surplus Value, Theory Of —    Surplus value is a central notion in Karl Marx’s analysis of capitalism and his theory of exploitation. Marx bases his theory of surplus value on the labor theory of value which assumes the value of goods to be determined by the relative… …   Historical dictionary of Marxism

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