Definition of labour theory of value in English:

labour theory of value

Line breaks: la¦bour the¦ory of value

Entry from British & World English dictionary

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.

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Word of the day coloratura
Pronunciation: ˌkɒlərəˈtjʊərə
noun
elaborate ornamentation of a vocal melody