The portion of new value created by labour above the value of labour-power, appropriated by owners of capital.
Politics & Society
Use-value
The usefulness of a good or service in meeting a need, distinct from its selling price.
Surplus value
English1 minConcept reference · linked text
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Politics & Society
Labour-power
The human capacity to work, sold as a commodity within wage-labour relations.
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Politics & Society
Exploitation
In Marx’s theory, the appropriation of surplus labour through production relations, rather than only a breach of a wage contract.
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