Traditional Culture Encyclopedia - Traditional customs - Seek the basic knowledge of economics! ! !
Seek the basic knowledge of economics! ! !
Macroeconomics
microeconomics
western economics
regional economics
economics for development
statistics
International finance and trade
Securities analysis and investment
basis of accounting
Bank monetarism
economic law
Value determines price. The socially necessary labor time required to produce diamonds is longer than that required to produce water, and the cost is high. Diamonds condense more human labor. At the same time, due to the influence of supply and demand, prices also fluctuate. The output of diamonds is less than the demand, so the value is high. The cost of producing water is low and the supply is large, so the price is low.
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