Difference between revisions of "Value"
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Latest revision as of 17:58, October 8, 2025
Value is the relative worth of a commodity in exchange for other commodities.
Free market economists agree with Karl Marx in one respect: "A thing cannot have value, if it is not a useful article. If it is not useful, then the labor it contains is also useless, does not count as labor and hence does not create value" [1]