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- Tendency of the rate of profit to fall
Hypothesis in Marxist economics that, since technological innovation replaces people with machinery and since only labor produces additional value, surplus value per capital decreases, and the average rate of industrial profit falls in the long term
The tendency of the rate of profit to fall (TRPF) is a theory in the crisis theory of political economy, according to which the rate of profit—the ratio of the profit to the amount of invested capital—decreases over time. Wikipedia
