History, asked by bhattpranav6767, 1 year ago

say about kalmark theory

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Answered by atul3459
1

Answer:

Like the other classical economists, Karl Marx believed in the labor theory of value to explain relative differences in market prices. This theory stated that the value of a produced economic good can be measured objectively by the average number of labor-hours required to produce it.

Answered by krishnajk0710
1

Answer:

he is working in economics laid the basis for much of the current understanding of labour and its relation to capital and subsequent economic thought.

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