tools, and materials required for the generation of the product under labor with schematic procedures. They include raw materials, machines, tools, money, workshops, factories, and workforces combined. Through labor, individuals create a product with significant value for the consumer system that is greatly used and generates a great amount of money by their selling-buying.
Value is the importance or worthiness of something . What gives value to value is surplus value . It is profit and increases twice. What makes something valuable is the time being used not the effort.
Value and labor are associated since labor is the source of value and the additional time invested enhances the value of the finished product.
The amount of time needed to make the product is the distinction between labor and labor power. Working a 9–5 job, for instance, requires you to invest your time and energy in your work in exchange for pay.
The double rise in your profit is known as surplus value. value that was added to the starting point. You work four hours (9–1) but don’t leave until five. Four more hours are added to the time you worked, which translates to more money—but not for you, but for the employer.