According to Karl Marx,surplus value is created when the capitalist ________________.

Karl Marx

A 19th-century philosopher, economist, and revolutionary socialist whose works, such as the "Communist Manifesto" and "Das Kapital," laid the foundation for modern communism and socialism.

Surplus Value

A Marxian term: the amount by which the value of a worker’s daily output exceeds the worker’s daily wage.

Capitalist

An economic system characterized by private or corporate ownership of capital goods, investments determined by private decision, and prices, production, and the distribution of goods determined mainly by competition in a free market.