Multiple choice

The theory of Surplus Value is a principle of

  1. Plato's Ideal State

  2. Bentham's Utilitarianism

  3. Marxian Socialism

  4. Rousseau's General Will
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C Correct answer
Explanation

The Theory of Surplus Value is a fundamental concept in Marxian economics, explaining how capitalists profit by paying workers less than the value they produce. Marx argued that workers create value through their labor but are only paid a subsistence wage, with the surplus value appropriated by capitalists. This theory forms the basis of Marx's critique of capitalism and his analysis of exploitation.

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