630Political ScienceMedium
Marx’s theory of surplus value holds that:
AThere is difference between what a labourer produces and what he is paid. This difference is known as surplus value and is pocketed by the capitalists.
BNone of the above
CThe labourers be paid fixed salary and all the profits earned should be used for social good
DLabour must be paid minimum wages irrespective of the quantum of goods produced and the profit be passed on to the state
Correct answer
A. There is difference between what a labourer produces and what he is paid. This difference is known as surplus value and is pocketed by the capitalists.
Explanation
The correct answer is There is difference between what a labourer produces and what he is paid. This difference is known as surplus value and is pocketed by the capitalists..