Labour Archives - Magnimetrics

What was the Labor Theory of Value?

The Labor Theory of Value was one of the early attempts to explain how market prices form. It followed the idea that the main driver for goods’ value is the labor necessary to produce them. Under the theory, the labor hours it takes workers to produce a commodity is the Read more…

By Dobromir Dikov, 5 months5 months ago

Creating a Variance Analysis Model – Part 1

Today we will take a more detailed look at Variance Analysis. In this article, we will deal with the theory, and in next week’s article, we will build an Excel model to look more practically at the subject. Variance Analysis Variance analysis looks at the differences between planned and actual Read more…

By Dobromir Dikov, 2 years9 months ago

labour

What was the Labor Theory of Value?

Creating a Variance Analysis Model – Part 1