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Dovator [93]
4 years ago
9

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

History
2 answers:
shepuryov [24]4 years ago
7 0
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. 
dolphi86 [110]4 years ago
3 0

Natural Price (Apex 2019 answer).

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