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)
 
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==Notes==
 
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[[Category:Communism]]

Revision as of 19:52, November 21, 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]

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