Cost of Labor

People exchange goods, and the millennium trying to unravel the mystery: how the market for free competition, where each party seeks to exchange for our own benefit, creates such prices goods, which are equal to prices of production of these goods. Solution of these goals lie, as they say, on the surface: the participants do not exchange goods weighed on labor costs or utility of each of them to tailor their benefits to the benefit of their competitors. And if none of them are in the process of exchange there is no privilege, the desire of each to his own advantage naturally generates the equality of all benefits forms equivalent exchange. part I. glossary disc – the object of exchange that can (usually) satisfy any needs of the people (which has the consumers’ properties).

The cost of labor embodied in goods to manufacturers determines the cost of the product itself, but it occurs only in conditions of absolute equilibrium of the market. Value of the product – people’s subjective perceptions about the magnitude of consumer product features and value of its value. price commodity – anything on that exchange goods. The proportion of bulk commodities exchange. Price is the market in the “fight” the dialectic of “buyer – seller.

Type of goods – the same position with the buyer’s products. cost product – species the price of goods. The price of the goods of this kind. The cost emerging markets “against” a certain number of one-species systems, “the buyer – the seller.