Surplus Value
n. the ‘profit’ left over after a capitalist sells a commodity, and pays for the materials and labor used to create it
n. the ‘profit’ left over after a capitalist sells a commodity, and pays for the materials and labor used to create it
ex. Total profit - (costs of running business + paying workers) = surplus value
aka the owner gets to keep more than he earned simply because he owns the means of production.
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