Overview
Exploitation in capitalism is a critical issue that highlights the imbalance between workers and employers. It occurs when workers are not compensated fairly for their labor, leading to significant income inequality and social injustice. Understanding the concepts of labor value and surplus value is...
Key Terms
Example: In capitalism, companies compete to sell goods and services.
Example: Labor value can fluctuate based on demand for certain skills.
Example: A factory worker may produce goods worth $100 but only be paid $60.
Example: Income inequality can lead to social tensions and unrest.
Example: Class struggle has been a central theme in many political movements.
Example: Workers may face exploitation if they are paid less than their labor's worth.