• Value Labor

  Filed under News
  Feb 17

  The terms "price" and "value" legitimately be considered synonymous with that already is widespread, but that does not yet have a theoretical justification. Here and below, these terms are used interchangeably and interchangeable. Labour costs – labor costs as much as is he created a commodity. Labor, has created no one want in this market goods do not have this market value. The price of labor lone entrepreneur, having neither payroll nor income is the difference between revenue and cost of production of goods. The price of labor production team (the sum of the price of labor members of the team) is the sum of the wage fund at a profit, or the difference between revenue and costs of production, which is not included payroll. Added value – the value created by labor.

  Labor costs and added that labor costs are two sides of one coin. price production – sum of the prices of labor across a succession of producers goods from producers of raw materials, energy, tools and ending with the last manufacturer of the goods – the seller. price production – arithmetic average of prices of production of one-species goods in this market. Competition between single-species producers leads to the fact that in equilibrium the market price of the goods of this type is installed in accordance with srednevidovoy cost of production. The price of labor-WIDE A series made goods – sum of the prices of labor producers of those goods whose value is transferred to the cost of the product, creating value (price) of production of goods.

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