Generally, profit. – The positive difference between a company’s market capitalization and its proprietary assets. – In Marxism, the surplus that the capitalist achieves in the production process. This is based on the (erroneous!) view that labor – and labor alone – creates value. Consequently, every thing is basically worth as much as there is labor in it (as “coagulated labor”: labor theory of value). – The value added by a company (net value added); used as the basis for calculating the amount to be paid in value added tax (VAT; official designation: all-phase net sales tax with input tax deduction). – See fair value, mark-to-model approach, market value, plus making, profit, Rebbes, Tobin’s Q, enterprise value, fair value, value added, time value.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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