word
Labor Theory of Value
LAY-ber THEER-ee uv VAL-yoo
/ˈleɪbər ˈθɪəriː ɒv ˈvæljuː/Listen
Hear it in a clear American voice. Slow it down to catch each syllable.
Syllable breakdown
labortheoryofvalue
Dictionary meaning
Marxist economic theory proposing that the value of goods is determined by the amount of socially necessary labor required to produce them
Learn one new pronunciation a day
Get a word, name or idiom like “Labor Theory of Value” in your inbox — daily or weekly, free. Unsubscribe any time.
Something wrong? Suggest a correction