Marx argued that the value of goods produced by wage-labourers far exceeded the amount needed to pay their wages and the cost of raw materials,technology,and other factors of production.What did Marx call this excess?

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Marx called this excess value "surplus value." He believed that it was created by the exploitation of wage-labourers, who were not paid the full value of their labour. This surplus value, according to Marx, was the source of profit for capitalists.

Marx Argued That the Value of Goods Produced by Wage-Labourers