asked 155k views
2 votes
A surplus of labor is synonymous with which of the following?

a) inflation
b) unemployment
c) economic growth

1 Answer

6 votes
The correct answer is letter B. Unemployment is synonymous with surplus of labor. This concept was used by Karl Marx when he critiqued political economy. Surplus of labor is ;abor that is performed in excess of the labor necessary. That purpose the purpose of producing the means of livelihood of the worker.

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User Linusz
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