Assertion: price's value | /r/HasProperty | proportional
Facets:
value: to was required to produce it
type: OTHER
value: including the labor
type: OTHER
value: to this labor value
type: OTHER
Source sentences:
text: Ricardo, other classical economists and Marx began their expositions with the assumption that value in exchange was equal to or proportional to this labor value.
text: Classical economist David Ricardo's labor theory of value holds that the value of a good (how much of another good or service it exchanges for in the market) is proportional to how much labor was required to produce it, including the labor required to produce the raw materials and machinery used in the process.