Variable capital: Difference between revisions

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Variable capital (V; German: variables Kapital) refers to the capital invested in labour power (i.e., wages) by the bourgeoisie. It differs from constant capital in that, whereas the latter merely imparts existing value to commodities, the former enables the creation of new, surplus value, which can quantitatively differ depending on a worker's productivity (thus being "variable").

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-'''Variable capital''' is the cost to maintain all human labor/value added to a product/service per unit price. The cost to bring a worker in and have them work is covered by '''variable capital'''.
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+'''Variable capital''' ('''V'''; [[German language|German]]: ''variables Kapital'') refers to the [[capital]] invested in [[labour power]] (i.e., [[Wage|wages]]) by the [[bourgeoisie]]. It differs from [[constant capital]] in that, whereas the latter merely imparts existing [[value]] to [[Commodity|commodities]], the former enables the creation of new, [[surplus value]], which can quantitatively differ depending on a [[Proletariat|worker]]'s productivity (thus being "variable").
 [[Category:Economic concepts]]
+[[Category:Marxist economics]]
+[[Category:Capital volume I concepts]]