Examples of using Surplus value in English and their translations into Vietnamese
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Meaning of surplus value.
The surplus value is still stolen property and an act of violence still occurs.
This was done through the discovery of surplus value.
Both the absolute and relative surplus value have been calculated in the example.
The difference makes up the capitalist's profit, or in Marx's terminology,"surplus value".
But we have to know who is producing andwho is receiving the surplus value if we want to establish a better society.
Just as a lake needs a hydroelectric plant to produce usable energy,assets need a formal property system to produce significant surplus value.
Yet examples such as this demonstrated that value and surplus value could come from somewhere other than labour.[11].
Since Marx believed that surplus value appropriated from labor is the source of profits, he concluded that the rate of profit would fall even as the economy grew.
Suppose the workday is eight hours and the rate of surplus value is 100 percent.
Marx called the difference“surplus value” and argued that this surplus value had its source in surplus labour, the difference between what it costs to keep workers alive and what they can produce.'.
The goal of Chineseeconomic reform was to generate sufficient surplus value to finance the modernization of the mainland Chinese economy.
Thus the term“capital” begins to do two jobs simultaneously, capturing the physical dimension of assets(livestock)as well as their potential to generate surplus value.
The degree of exploitation oflabour power is dictated by the rate of surplus value as the proportion between surplus value/product and necessary value/product.
Currently Vietnam's agricultural products are being exported to 180 countries,earning $200 billion in the past five years and achieving a surplus value of $50 billion," the minister noted.
The worker's labor for their livelihood was the basic source of surplus value, and the richness of the bourgeoisie mostly relies on more and more exploitation of the surplus value.
Once those errors are corrected, Marx's conclusion that aggregate price and profit are determined by- and equal to-aggregate value and surplus value no longer holds true.
In the early 1860s he worked on composing three large volumes,the Theories of Surplus Value, which discussed the theoreticians of political economy, particularly Adam Smith and David Ricardo.
Nonetheless, they would be more fortunate than the“reserve army of the unemployed”- a pool of idle labor large enough to make others fear losing their job,but small enough not to waste the surplus value that could be extracted by making them work.
In the early 1860s he broke off his work to compose three large volumes,Theories of Surplus Value, which discussed the theoreticians of political economy, particularly Adam Smith and David Ricardo.
One of the reasons for the surplus value increases in the double digits, according to Jiang, as more businesses turn to perform FOB contract( purchase of raw materials, semi-finished products) increases, the rate of implementation orders have also increased in value by 17%….
If, now, the working-day be lengthened by 2 hours andthe price of labour-power remain unaltered, the surplus value increases both absolutely and relatively.
The Physiocrats themselves transferred the investigation into the origin of surplus values from the sphere of circulation into the sphere of direct production, and thereby laid the foundation for the analysis of capitalist production.".
Capital(the bourgeoisie or capitalists)includes anyone who gets their income not from labor as much as from the surplus value they appropriate from the workers who create wealth.
Here, Marx elaborated his labor theory of value and his conception of surplus value and exploitation, which he argued would ultimately lead to a falling rate of profit and the collapse of industrial capitalism.
The worker uses one part of the labor day to cover the expense of maintaining himself and his family(wages), while the other part of the day the worker toils without remuneration,creating surplus value for the capitalist, the source of profit, the source of the wealth of the capitalist class.
The term capitalist mode of production is defined by private ownership of the means of production,extraction of surplus value by the owning class for the purpose of capital accumulation, wage-based labour and at least as far as commodities are concerned being market-based.[93].
Amidst rapid fluctuations in global economy and politics in recent decades, as well as the collapse of socialism in the Soviet Union and Eastern Europe,several Western scholars claim that Marx's Theories of Surplus Value do not hold true any longer while capitalism has changed its nature.
Then there will be no capitalist and proletariat in the world andproduction will not be for the surplus value aim of the capitalist but the need, benefit of all the people in society.
According to economist Fred Moseley,"neoclassical economic theory was developed, in part,to attack the very notion of surplus labour or surplus value and to argue that workers receive all of the value embodied in their creative efforts.".