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HomeHomework HelpeconomicsExploitation in Capitalism

Exploitation in Capitalism

Exploitation in capitalism refers to the inherent inequalities between the bourgeoisie, who own the means of production, and the proletariat, who must sell their labor to survive. Marx argued that the wages workers receive are often less than the value of what they produce, leading to profit for capitalists and systemic crises such as overproduction. Understanding this dynamic is crucial in sociology as it explains the structural foundations of economic inequality and the historical tensions between different social classes.

intermediate
3 hours
Economics
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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...

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Key Terms

Capitalism
An economic system where private individuals own and control property and businesses.

Example: In capitalism, companies compete to sell goods and services.

Labor Value
The worth of a worker's labor based on the goods or services produced.

Example: Labor value can fluctuate based on demand for certain skills.

Surplus Value
The excess value produced by labor over the cost of labor.

Example: A factory worker may produce goods worth $100 but only be paid $60.

Income Inequality
The unequal distribution of income within a population.

Example: Income inequality can lead to social tensions and unrest.

Class Struggle
The conflict between different classes in society, particularly between the working class and the ruling class.

Example: Class struggle has been a central theme in many political movements.

Exploitation
The act of treating someone unfairly to benefit from their work.

Example: Workers may face exploitation if they are paid less than their labor's worth.

Related Topics

Labor Rights
The legal rights and protections granted to workers.
intermediate
Economic Inequality
The disparity in wealth and income among individuals in a society.
intermediate
Corporate Social Responsibility
The practice of businesses considering their impact on society and the environment.
advanced

Key Concepts

Labor ValueSurplus ValueIncome InequalityClass Struggle