History, asked by siddharth3791, 6 months ago

WhT is the theory of " Karl Marx "

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Answered by Anonymous

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Answered by charviharsoliya

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.

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