quantity of value; magnitude of value
Tone colorsmāmámǎmàma
Meanings
1 sense · 3 examplesnoun
the amount of socially necessary labor embodied in a commodity
formalA fundamental concept in Marxist political economy and economics. The value of a commodity is determined by the average socially necessary labor time required for its production. Higher productivity generally leads to a lower value per unit.
Shāng商
pǐn品
de的
jià价
zhí值
liàng量
yóu由
shēng生
chǎn产
tā它
de的
shè社
huì会
bì必
yào要
láo劳
dòng动
shí时
jiān间
jué决
dìng定
。
The value of a commodity is determined by the socially necessary labor time required for its production.
Jì技
shù术
jìn进
bù步
dǎo导
zhì致
láo劳
dòng动
shēng生
chǎn产
lǜ率
tí提
gāo高
，
cóng从
ér而
jiàng降
dī低
le了
dān单
wèi位
shāng商
pǐn品
de的
jià价
zhí值
liàng量
。
Technological progress increases labor productivity, thereby reducing the value per unit of commodity.
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Zài在
jīng经
jì济
xué学
zhōng中
，
jià价
zhí值
liàng量
shì是
yī一
gè个
zhòng重
yào要
de的
fēn分
xī析
gài概
niàn念
。
In economics, the magnitude of value is an important analytical concept.