surplus value

Noun

Meaning

surplus value (countable and uncountable, plural surplus values)

(Marxism) The part of the new value made by production that is taken by enterprises as generic gross profit.

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Related terms

Examples

According to Marx, surplus value is extracted by the capitalist class as a whole and then distributed according to the amount of total capital, not the just variable component. Source: Internet

Marx's view of capitalism saw rich capitalists getting richer and their workers getting poorer (the gap, the exploitation, was the "surplus value"). Source: Internet

Since Marx believed that surplus value appropriated from labour is the source of profits, he concluded that the rate of profit would fall even as the economy grew. Source: Internet

The rest is surplus value — the capitalist's profit, which Marx calls the "unpaid labour of the working class." Source: Internet

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