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Monday Marx: Capital Vol. 1, Chapter 9

Surplus-value (s-v): value of a product is more than the value of the sum of its parts

Value of labour-power: value of the means of subsistence required for the worker to live

The capitalist pays wages equal to the means of subsistence, but the worker produces more value than that

S-v goes to the capitalist e.g. worker is paid £90 & produces £180, rate of s-v 100%

Rate of s-v expresses degree of exploitation