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labour theory of value

Line breaks: la¦bour the¦ory of value

Entry from British & World English dictionary

Definition of labour theory of value in English:

noun

[mass noun]
The Marxist theory that the value of a commodity should be determined by the amount of human labour used in its production.

Definition of labour theory of value in:

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Word of the day orthoepy
Pronunciation: ˈɔːθəʊɛpi
noun
the correct or accepted pronunciation of words