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- 00:33, 24 February 2022 Comwik talk contribs created page Value (Created page with "'''Value'''in economics refers to the worth or importance of a material object, or of a service or a financial claim. There are various theories as to what determines the value of a commodity. An early prominent theory was the labour theory of value, which was formulated by the classical economists (including Adam Smith). This theory, as used by the classicals, took the value of the commodity to be the same thing as its price, and stated that the price i...")