“theory of value”

We have one entry that includes the term theory of value.

labor theory of value

: a theory of value holding that the quantity of labor in a product regulates its value and utilized by Marx to claim for labor the sole rightful claim to production

See the full definition

Word of the Day

Listen to the pronunciation of ad hoc

See Definitions and Examples »

Test Your Vocabulary

Challenging Words You Should Know

  • hedgehog reading a book
  • Often used to describe “the march of time,” what does inexorable mean?
Spell It

Hear a word and type it out. How many can you get right?

TAKE THE QUIZ
Play Blossom: Solve today's spelling word game by finding as many words as you can using just 7 letters. Longer words score more points.

Pick the best words!

PLAY
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

Games & Quizzes

See All
Play Quordle: Guess all four words in a limited number of tries. Each of your guesses must be a real 5-letter word.
Quordle Can you solve 4 words at once?
Play Blossom: Solve today's spelling word game by finding as many words as you can using just 7 letters. Longer words score more points.
Blossom Pick the best words!
Play Missing Letter: a crossword with a twist. Each of the 25 puzzle words start with a different letter of the alphabet. Which letter is missing?
The Missing Letter A daily crossword with a twist
alt-628f89ac49496
What’s on the Menu? Sink your teeth into these questions about food.
See All