Several Pending Problems Concerning Commodity Prices in Our Socialist Economy Which Await Discussion
Hsueh Mo-chiao
Abstract
Hsueh Mo-chiao
Abstract
As in a capitalist economy, the prices of various commodities in a socialist economy are determined in principle by their value. To determine the price of a given commodity, one must first of all determine its value. However, a socialist economy is after all different from that of a capitalist economy, and consequently should have its own economic character.
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As in a capitalist economy, the prices of various commodities in a socialist economy are determined in principle by their value. To determine the price of a given commodity, one must first of all determine its value. However, a socialist economy is after all different from that of a capitalist economy, and consequently should have its own economic character.
Key concepts: Commodity, Socialist economics, Economics, Value (mathematics), Socialist market economy, Capitalist economy, Market economy, Economy