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exploitation

A Dictionary of Sociology | 1998 | | © A Dictionary of Sociology 1998, originally published by Oxford University Press 1998. (Hide copyright information) Copyright

exploitation The use for unacceptable purposes of an economic resource, be it land, labour, or market position. Thus, a monopolist could use control of the market to charge consumers excessive prices, or an owner could utilize land in such a way as to damage the natural resources. In orthodox economics the term has virtually no place. In Marxism exploitation is central, and is defined in terms of the labour theory of value, to denote the extraction of surplus value, or the difference between the value of what a worker receives in wages and that which is produced and appropriated by the capitalist. See also FEUDALISM; PATRON-CLIENT RELATIONSHIP.

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