0
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.
Betty Tromp
Add your answer:
Earn +20 pts
When was The Theory of Investment Value created?
The Theory of Investment Value was created in 1938.
When was The Theory of Harmonial Value created?
The Theory of Harmonial Value was created on 2001-08-07.
What are the theories of values formation?
Theories of value, or value theory, is a philosophy that examines what people value, how much they value it, and why. Value theory is often applied economically in an exchange of goods, but can also be applied ethically with regards to virtue and vice.
Is value consensus is a concept with functionalist theory?
Yes, value consensus is a concept in functionalist theory, which posits that society operates harmoniously when there is a shared set of norms, values, and beliefs among its members. Value consensus helps maintain social order and stability by promoting cohesion and cooperation within a society.
What is a theoretical value in science?
A value that cannot be physically measured. It's a value known only in theory. (such as the size of a graviton)
How do you find absolute discrepancy...this is different from percent discrepancy?
Absolute discrepancy is the difference between the accepted value, aka theoretical value, and the measured or "experimental" value. This discrepancy is written as an integer with units (i.e. cm) as opposed to a percentage.
What is the differences between the human relation theory and the classical theory?
Human relations theory focuses on the value, needs and contribution of the employee; classical theory's emphasis is the good of the organisation and the work.
Ethics and aesthetics can be construed as sub fields of?
Philosophy. Ethics deals with moral principles and values, while aesthetics focuses on beauty and art. Both areas are branches of philosophy that explore fundamental questions about human experience and perception.
What are Thomas Aquinas contribution to economics?
Theory of Exchange and Value
What is the impact of capital structure theory to the value of a firm with particular reference to the Hamada theory and Trade off theory?
iam looking for the solution to the above question
Is it true that for a hypothesis to have value it must be testable?
What do you mean by "value"?Certainly, if a theory is supposed to have scientific value (if it tells us something new about the world around us), there must be evidence to support it, or else it were a bad theory (or actually not a real theory at all).However, every scientific theory starts off as a hypothesis, which is basically just a "quaint idea". By testing that hypothesis (and obtaining positive results), it might actually be developed into a real theory. If the evidence speaks against the hypothesis, the idea just dies right there (or at least it should).So, a hypothesis has to be testable to have value (so it can "grow" into a theory).
Ano ang Labor theory of value?
ano ang ibig sabihin ng labor theory sa tagalog
