noun
socially necessary labour time
Marxian economics term: the average amount of time required to produce a commodity under normal conditions of production, with average skill and intensity.
マルクス経済学では、商品の価値は社会的必要労働時間によって決まるとされる。
In Marxian economics, the value of a commodity is said to be determined by the socially necessary labour time.
General term for working hours; 社会的必要労働時間 is a specific theoretical concept in Marxian economics.
A compound of 社会的 (social), 必要 (necessary), and 労働時間 (labour time), directly translating the Marxian concept 'socially necessary labour time'.