what is labour surplus economy
Answers
Answered by
2
Answer:
Surplus labor is a concept developed by Karl Marx in the nineteenth century to describe the production of surplusvalue and profit. It refers to the laborthat produces a value beyond that which is needed for the subsistence of the worker or workers who perform it.
Answered by
32
Answer:
It means labour performed in excess of the labour necessary to produce the means of livelihood of the worker ("necessary labour"). ... According to Marxian economics, surplus labour is usually uncompensated (unpaid) labour.
Similar questions