According to Marx's theory, the difference between the value of a raw material and the actual product is called
A) surplus value.
B) exploitation.
C) marginal cost.
D) inelastic demand.

Question

Quizplus · Accepted Answer

According to Marx's theory of labor, the difference between the value of the raw material and the actual product is known as surplus value. This surplus value is created by the labor of workers who do not receive the full value of their labor in wages, but instead, the surplus value is accumulated by the capitalist who owns the means of production.

According to Marx's Theory, the Difference Between the Value of a Raw