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teisha1 teisha1
  • 20-11-2015
  • History
Answered

which concept does adam smith use to describe an item sold for exactly the amount if money it cost to produce it

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HistoryGuy HistoryGuy
  • 21-11-2015

It would be the concept of "Labor Theory of Value" that Adam Smith used to describe an item sold for exactly the amount if money it cost to produce it, as opposed to the item being sold at a value that reflected its affect on the user.

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RashaanYoung RashaanYoung
  • 25-03-2019

Natural Price (Apex 2019 answer).

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