Which system is based on the principle of surplus value?
(A) Communism
(B) Capitalism
(C) Individualism
(D) Idealism
Correct Answer : Capitalism
According to Mark, surplus value is extracted by the capitalist class as a whole and then distributed according to the amount of total capital, not the just variable component. So capitalism is based on surplus value.
....Read more
Useful Quotations for : UPSC, State PSC, IBPS, SSC, Railway, NDA, Police Exams
Like The Facebook Page
CurrentGK for
Current Affairs, Latest GK &
Employment News
Tags : General Awareness