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The labor of theory value is a incorrect idea. The labor theory of value is that the more labor the higher the cost. This is incorrect because if 2 people with different skills make the same products but the more skilled one makes 2x the amount of products as the unskilled one, the labor theory of value is that the more skilled ones products are less valueble. This also applies to things that people don't want like a poorly made or not useful product, a product with no use to humanity but that took a very long time would be given a value for more then the components that made it and far more then anyone wants it for, so that falsely inspires people to waste resources.
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Ano ang Labor theory of value?
ano ang ibig sabihin ng labor theory sa tagalog
According to Karl Marx the source of all value was?
According to Karl Marx, the source of all value was the labor that is expended in the production of goods and services. He believed that the value of a commodity is determined by the amount of socially necessary labor time required to produce it. This concept is known as the labor theory of value.
What is the theory of labor?
The labor of theory value is a incorrect idea. The labor theory of value is that the more labor the higher the cost. This is incorrect because if 2 people with different skills make the same products but the more skilled one makes 2x the amount of products as the unskilled one, the labor theory of value is that the more skilled ones products are less valueble. This also applies to things that people don't want like a poorly made or not useful product, a product with no use to humanity but that took a very long time would be given a value for more then the components that made it and far more then anyone wants it for, so that falsely inspires people to waste resources.
what is the theory of value?
The labor of theory value is a incorrect idea. The labor theory of value is that the more labor the higher the cost. This is incorrect because if 2 people with different skills make the same products but the more skilled one makes 2x the amount of products as the unskilled one, the labor theory of value is that the more skilled ones products are less valueble. This also applies to things that people don't want like a poorly made or not useful product, a product with no use to humanity but that took a very long time would be given a value for more then the components that made it and far more then anyone wants it for, so that falsely inspires people to waste resources.
What is economic surplus?
(in Marxist theory) the excess of value produced by the labor of workers over the wages they are paid.
What is the value of labor?
The labor of theory value is a incorrect idea. The labor theory of value is that the more labor the higher the cost. This is incorrect because if 2 people with different skills make the same products but the more skilled one makes 2x the amount of products as the unskilled one, the labor theory of value is that the more skilled ones products are less valueble. This also applies to things that people don't want like a poorly made or not useful product, a product with no use to humanity but that took a very long time would be given a value for more then the components that made it and far more then anyone wants it for, so that falsely inspires people to waste resources.
What will happen to your ecosystem if photosynthesis was taken away?
Dialectical materialism (diamat), historical materialism (histomat) and the Labor Theory of Value.
What is the Marxist definition of labor value?
The Marxist definition of labor value is based on the idea that the value of a commodity is determined by the amount of socially necessary labor time required to produce it. Marx argued that value comes from the labor expended in the production process, regardless of the market price. This concept is fundamental to Marx's critique of capitalism.
How did marx argue that all wealth is produced-?
Marx argued that all wealth is produced through labor. He believed that labor is the source of value in society and that the capitalist system exploits labor to generate profits for the ruling class. Marx's labor theory of value asserts that the value of a commodity is determined by the amount of socially necessary labor time required to produce it.
Why do people want copyright?
Copyright allows creators to ascribe value to their creativity, imagination, and hard work. In economics, this is known as the labor theory of value; in philosophy, it is linked to Locke's second treatise.
Which economic theory claims that the value of any commodity is determinded by the amount of labor needed to produce it?
COMMUNISM,answerd by ROBERT HARDY 9-21-09
What has the author Ugo Pagano written?
Ugo Pagano has written: 'Work and welfare in economic theory' -- subject(s): Division of labor, Economics, Value, Work
