Which term refers to the value resulting from production when the cost of labour is less than the cost of the goods it produces?

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Quizplus · Accepted Answer

Surplus value is a concept in Marxist economics referring to the difference between the value produced by labor and the actual wage paid to the laborer. This concept highlights the exploitation inherent in capitalist production, where the capitalist pays the worker less than the value their labor adds to the goods or services produced.

Which Term Refers to the Value Resulting from Production When