I'm trying to understand the relationship between 'value' and 'exchange value'. Are they the same concept, or do they differ in some way? I'm curious to know if these two terms can be used interchangeably.
6
answers
Caterina
Sat Feb 01 2025
Alternatively, some might describe this shared attribute as the "essence" of value.
TaegeukChampionCourage
Sat Feb 01 2025
In opposition to value, exchange-value manifests in the tangible realm of trade.
HallyuHype
Sat Feb 01 2025
Value differs from exchange-value, often referred to as price.
DongdaemunTrendsetterStyle
Sat Feb 01 2025
Value is the underlying, shared attribute among the exchange-values of various commodities.
Daniele
Sat Feb 01 2025
It serves as the outward expression or "form" through which value is communicated in commercial transactions.