Let's first look at the relationship between "commodities, money, and time". Marx's "Das Kapital" pointed out that the value of a commodity is determined by the socially executive list necessary labor time to produce the commodity. That is to say, first of all, it is the laborer's time that creates commodities, and the value of commodities can be converted into money, so executive list that time is equal to money. If time is money, it can be spread out a little more, we invest time in one thing, and this thing itself has received our investment. For example.
If we invest time in learning this matter, we will improve our cognition or skills, make ourselves more valuable, and be able to “sell” ourselves for executive list a good price by hiring workers. Although investing time in yourself can enhance your personal value, it has certain limitations, because people cannot be copied. From the perspective of economies of scale, time value is mainly reflected by acting on commodities, because commodities can be executive list replicated on a large scale. Returning to the perspective of time value, when it is linked to commodity value, the corresponding commodity price can be used to measure time value. But there will be a problem here: in the actual commodity circulation.
Some commodity values correspond to labor time value, while others do not. For example: a worker invests one hour to produce a product, assuming executive list that the labor cost is 100 yuan, and the fixed multiple is 1, that is, the product is priced at 100 yuan, and there is no premium to sell. A consumer spends 100 yuan to buy this product, and the executive list circulation of the commodity is completed. From the perspective of time creating value, we can get such a simplified formula: 1 hour labor value 1 product value 100 yuan However, in real commodity circulation, marketing and promotion are often needed to find target consumers.