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SURPLUS VALUE
In Marxist theory this is the value created by individual labour which is left over, or remains in the product or services produced, after the employer has paid the costs of hiring the worker. It is this value which the worker produces but does not receive which allows the capitalist owner to expand their capital. See: LABOUR THEORY OF VALUE / .

Last updated 2002--0-9-


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Athabaca University ICAAP

© Robert Drislane, Ph.D. and Gary Parkinson, Ph.D.
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*This social science dictionary has 1000
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