Fixing example
This commit is contained in:
parent
c46ddd85a6
commit
cc5c0098e7
@ -49,7 +49,8 @@ Taken from his book, [Towards a New Socialism](http://ricardo.ecn.wfu.edu/~cottr
|
||||
- Exports (or sales) to capitalist countries are either an exchange of goods, or labor vouchers they sell back to us.
|
||||
- Planners decide whether to import a good, or produce it locally, based on the offered price vs domestic cost.
|
||||
- Sell the good if the labor voucher price offered is higher than the actual labor-time cost, buy the good if its less than the domestic labor-time cost.
|
||||
- Example:
|
||||
- Example:
|
||||
|
||||
Good|Domestic cost|Price offered|Decision
|
||||
---|---|---|---
|
||||
Oil|1 million hrs|1.5 million hrs|export
|
||||
|
||||
Loading…
Reference in New Issue
Block a user