1.Production is the process of making or creating something from raw materials for example creating furniture, paper etc. Labor is the physical and mental work or effort used to produce goods.

2.Value is the worth of an object or service bring in. Something can become valuable by their importance it have to the owner.

3.The value of something is determine by the amount of time and effort put into the Labor. The amount of labor put into the production of a product increases its value.

4.Labor is what people do to produce goods and services. Labor power is what workers sells to their employers.

5.Surplus Value is the difference between the amount raised from selling a product and the amount it cost the owner to manufacture said product.