According to Marx, what determines the value of a commodity?

Marxian Socialism MCQs for PPSC, FPSC, NTS, and Pakistan government job tests. Select an option below, then read the explanation.

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Subject
Marxian Socialismpolitical-science-mcqs › marxian-socialism
Published
17 Jun 2022
Last updated
28 May 2026

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Explanation

Marx argued that the value of a commodity is established by the socially necessary labor time required to produce it, rather than factors like capital investment, machinery, or foreign market conditions.

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