Definition of surplus value in English:

surplus value


mass nounEconomics
  • (in Marxist theory) the excess of value produced by the labour of workers over the wages they are paid.

    • ‘Out of the growing mass of surplus value, capitalist governments were able to finance social welfare spending and other concessions to the working class.’
    • ‘Capitalism works through wages and surplus value.’
    • ‘Typically they argued that capitalists obtain surplus value by purchasing labour for less than the value of its products.’
    • ‘At a certain point it is confronted with the fact that it is a claim on surplus value and this surplus value has to be actually extracted from the working class.’
    • ‘Surplus labour creates surplus value, and on Marx's analysis, surplus value is the source of all profit.’