Exploitation is sometimes viewed to occur when a necessary agent of production receives less wages than its marginal product. ... Exploitation can only occur in imperfect capitalism due to imperfect competition, with the neoclassical notion of productivity wages there is little to no exploitation in the economy.

What is exploitation and how does it occur?

To exploit someone is to take unfair advantage of them. It is to use another person's vulnerability for one's own benefit. But exploitation can also be structural—a property of institutions or systems in which the “rules of the game” unfairly benefit one group of people to the detriment of another. ...

How do you explain exploitation?

Exploitation is the act of selfishly taking advantage of someone or a group of people in order to profit from them or otherwise benefit oneself. Exploitation is a noun form of the verb exploit, which commonly means to take advantage in such a way. The adjective form is exploitative, as in exploitative practices.