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20 March, 13:30

A surplus of labor is synonymous with which of the following?

a) inflation

b) unemployment

c) economic growth

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Answers (1)
  1. 20 March, 14:24
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    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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