Term used by Marxist economists to denote the social class that owns property and financial assets and thus derives income from investments. Also may be used to refer to the middle and upper classes and the prevailing social values of mainstream society.
An economic theory proposing that the true value of a good is determined by the amount of labor required to produce it, often associated with Marxist economics. It generally disregards any positive contribution of capital to the production process.
In Marxist theory, surplus value represents the excess value produced by labor over the wage paid to laborers, considered a primary source of capitalist profit.
