shè
huì
yào
láo
dòng

technical
economics

Meaning of 社会必要劳动

社会必要劳动 means socially necessary labor (Marxist economic concept). Pronounced shè huì bì yào láo dòng.

  • socially necessary labor (Marxist economic concept)

Definitions & Examples

Shāng
pǐn
de
jià
zhí
liàng
yóu
shēng
chǎn
gāi
shāng
pǐn
de
shè
huì
yào
láo
dòng
shí
jiān
jué
dìng
 

The magnitude of a commodity's value is determined by the socially necessary labor time required to produce that commodity.

bié
láo
dòng
shí
jiān
shè
huì
yào
láo
dòng
shí
jiān
de
shēng
chǎn
zhě
huò
chāo
é
rùn
 

Producers whose individual labor time is lower than the socially necessary labor time can obtain excess profits.

gāo
quán
shè
huì
de
láo
dòng
shēng
chǎn
huì
jiàng
dān
wèi
chǎn
pǐn
de
shè
huì
yào
láo
dòng
shí
jiān
 

Raising the productivity of labor throughout society will reduce the socially necessary labor time per unit of product.