Surplus value — is a concept created by Karl Marx in his critique of political economy, where its ultimate source is unpaid surplus labor performed by the worker for the capitalist, serving as a basis for capital accumulation.The German equivalent word Mehrwert… … Wikipedia
surplus — sur·plus / sər ˌpləs/ n 1 a: an amount that remains when a use or need is satisfied b: an excess of receipts over disbursements c: the value of assets after subtracting liabilities 2: an excess of the net worth of a corporation over the par value … Law dictionary
Surplus Value, Theory Of — Surplus value is a central notion in Karl Marx’s analysis of capitalism and his theory of exploitation. Marx bases his theory of surplus value on the labor theory of value which assumes the value of goods to be determined by the relative… … Historical dictionary of Marxism
surplus ACT — Prior to 6 April 1999 where the amount of ACT (advance corporation tax) that a company paid on dividends exceeded its capacity to offset the ACT against mainstream corporation tax it had surplus ACT. Where a company had surplus ACT, it could be… … Law dictionary
surplus value — ➔ value1 * * * surplus value UK US noun [U] ► ECONOMICS the difference between the amount a worker is paid and the value the worker adds to the goods or services produced: »In Marxist theory, the capitalist, after paying wages, becomes the owner… … Financial and business terms
surplus income — Payments required, if any, to be made by a bankrupt to the trustee for distribution to creditors. The amount of the payment is fixed by the trustee, at the beginning of the bankruptcy, having regard to the standards established by the… … Glossary of Bankruptcy
surplus — [sʉr′plus΄, sʉr′pləs] n. [ME < OFr < sur , above (see SUR 1) + L plus, more (see PLUS)] 1. a quantity or amount over and above what is needed or used; something left over; excess 2. a) the excess of the assets of a business over its… … English World dictionary
Surplus — Sur plus, n. [F., fr. sur over + plus more. See {Sur }, and {Plus}, and cf. {Superplus}.] 1. That which remains when use or need is satisfied, or when a limit is reached; excess; overplus. [1913 Webster] 2. Specifically, an amount in the public… … The Collaborative International Dictionary of English
surplus — ► NOUN 1) an amount left over when requirements have been met. 2) an excess of income or assets over expenditure or liabilities in a given period. ► ADJECTIVE ▪ more than what is needed or used; extra. ORIGIN from Latin super in addition + plus… … English terms dictionary
surplus value — n. in Marxist economics, the amount by which the value of the worker s product exceeds the wage the worker is paid, viewed as the source of capitalist profit … English World dictionary
