Exchange value: Difference between revisions
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'''Exchange value''' is how much one [[commodity]] is exchanged for another. Every commodity must have an infinite amount of exchange values, each corresponding to each other. Therefore, there must be something within the commodity that is universal in all commodities, and allows every commodity to have an exchange value that is not a proportion, but a quantity. | '''Exchange value''' is how much one [[commodity]] is exchanged for another. Every commodity must have an infinite amount of exchange [[Value|values]], each corresponding to each other. Therefore, there must be something within the commodity that is universal in all commodities, and allows every commodity to have an exchange value that is not a proportion, but a quantity. | ||
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[[Category:Marxist economics]] | [[Category:Marxist economics]] | ||
Latest revision as of 21:16, 22 July 2024
Exchange value is how much one commodity is exchanged for another. Every commodity must have an infinite amount of exchange values, each corresponding to each other. Therefore, there must be something within the commodity that is universal in all commodities, and allows every commodity to have an exchange value that is not a proportion, but a quantity.