Economics · Marxist Economics
According to Karl Marx's economic theory, what is 'Surplus Value' equal to?
- 1The difference between total revenue and fixed cost
- 2The value of total raw materials consumed
- 3The minimum subsistence wage given to workers
- 4The difference between the value created by a worker and their actual wage✓
Correct answer
The difference between the value created by a worker and their actual wage
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