A man exchanges his labour for a wage,producing some product that the capitalist sells at a price far exceeding the wage paid.What is the Marxist term used to describe what's left over after deducting the man's wage and other expenses from the sale price of the product?

Question

Quizplus · Accepted Answer

The Marxist term used to describe what's left over after deducting the man's wage and other expenses from the sale price of the product is "surplus value". This means that the capitalist makes a profit based on the difference between what they pay the worker and the value that the worker's labour adds to the product.

A Man Exchanges His Labour for a Wage,producing Some Product