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Equal Exchange is a for-profit, Fairtrade, worker-owned cooperative headquartered in West Bridgewater, Massachusetts. Equal Exchange distributes organic , gourmet coffee , tea , sugar , bananas , avocados , cocoa , and chocolate bars produced by farmer cooperatives in Latin America , Africa , and Asia .
Equal Exchange Trading is a UK-based alternative trading organisation. Equal Exchange is a worker's cooperative distributing food and beverage products in the independent natural food sector. The organization's origins stretch back to 1979 "when three voluntary workers returned to Edinburgh after working on aid projects in various parts of ...
Adam Smith held that, in a primitive society, the amount of labor put into producing a good determined its exchange value, with exchange value meaning, in this case, the amount of labor a good can purchase. However, according to Smith, in a more advanced society the market price is no longer proportional to labor cost since the value of the ...
At the most basic level, this Ricardian law of value specified "labor-content" as the substance and measure of economic value, and it suggests that trade will—other things being equal—evolve towards the exchange of equivalents (insofar as all trading partners try to "get their money's worth"). At the basis of the trading process is the ...
Unequal exchange is used primarily in Marxist economics, but also in ecological economics (more specifically also as ecologically unequal exchange), to describe the systemic hidden transfer of labor and ecological value from poor countries in the imperial periphery (mainly in the Global South) to rich countries and monopolistic corporations in the imperial core (mainly in the Global North) due ...
That is to say that, if and were constant or growing at equal fixed rates, then the inflation rate would exactly equal the growth rate of the money supply. An opponent of the quantity theory would not be bound to reject the equation of exchange, but could instead postulate offsetting responses (direct or indirect) of Q {\displaystyle Q} or of V ...
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Social exchange theory is a sociological and psychological theory that studies the social behavior in the interaction of two ... Other rewards and costs equal, they ...
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