The difference between the value of goods and services produced and their costs were referred to by Radicalists as
A)surplus value.
B)surplus cost.
C)marginal value.
D)marginal cost.
E)profits.

Question

Quizplus · Accepted Answer

Radicalists refer to the difference between the value of goods and services produced and their costs as "surplus value." This concept is central to their critique of capitalism, as they argue that capitalists exploit workers by extracting surplus value from them through the process of production.

The Difference Between the Value of Goods and Services Produced