In economic science, there are two diametrically opposed approaches to determining the essence and size of the price of goods. The first is represented by the classical concept of pricing, based on the labor theory of value, according to which each commodity has a “value” and a “price”. Value is the socially necessary labor costs […]
Tag: Products
FEATURES OF THE DEVELOPMENT OF THE US ECONOMY
The success of the American economy was achieved largely due to a number of favorable factors that contributed to the rapid socio-economic development of the country. Let’s highlight the main ones. The United States got a huge, almost uninhabited continent with the richest natural resources, primarily a variety of minerals, conveniently located in relation to […]