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Profit
According to Marx, "[t]he surplus value produced within a given period of circulation, when measured against the total capital which has been advanced, is called — profit."
Distinguishing characteristics
Distinguishing characteristics of profit include:
- Profit is thus best understood as the value of the commodities produced by the workers after deducting their wages, the cost of raw materials and the overhead.
- Profit stands in dialectical opposition to "value in process" insofar as profit is removed from the circulation of capital and thus is not in process.