Karl Marx argued that when labourers exchanged their labour for a wage,to make a profit the capitalist must gain more from the exchange.This profit is technically referred to as ______.
A)exploitation
B)surplus value
C)exchange profit
D)robbery

Question

Quizplus · Accepted Answer

Karl Marx referred to the profit gained by capitalists from the difference between the value of the product produced by laborers and the actual wage paid to them as "surplus value." This concept is central to his critique of capitalism, where he argues that the capitalist system inherently exploits workers by paying them less than the value of what they produce.

Karl Marx Argued That When Labourers Exchanged Their Labour for a Wage,to