Map of Kenya Tourist on A modern variant of the labor theory of value is the cost-of-production theory: that the fair price of a good is the cost of making it, plus a small amount of profit. This is the common-sense view of many people. However, goods' cost of production does not reflect their actual economic value, and economics has nothing to say about what prices are fair. There are two main types of goods.
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Map Of Kenya Tourist
Consumer goods are those that directly satisfy human needs and desires. Examples of consumer goods are bread, automobiles, comic books, shoes, and music compact discs. Capital goods are those used to create consumer goods.
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