Difference between revisions of "Labor theory of value"

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(the value of a commodity is determined by the labor time required to produce it)
(No difference)

Revision as of 22:25, July 7, 2008

The labor theory of value, one of the central economic concepts of Communism, asserts that the value of a commodity is determined by the labor time required to produce it.[1]

Notes

  1. ↑ Sang Hun Lee - Today's World Problems and Unification Thought
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