labor theory of value: difference between revisions

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# {{lb|en|economics}} The theory that the socially necessary unskilled labour-time (the value) required to reproduce a given commodity determines the equilibrium-price of commodities.
# {{lb|en|economics}} The theory that freely reproducible goods get their value from human labor time.

Revision as of 11:09, 9 January 2018

English

Template:Wikipedia

Alternative forms

Noun

labor theory of value (uncountable)

  1. (economics) The theory that freely reproducible goods get their value from human labor time.