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Econ 5060 2 - Essay Example

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These needs can either be direct or indirect (Mark 26). While money is the exchange value of a commodity. The exchange value is a quantitative relation in which the commodity in use is exchanged with…
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Econ 5060 essay 2
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Econ 5060 2

Download file to see previous pages... In the use value there is a contained useful labour, i.e. productivity activity was involved which had a defined aim. Use values can never confront each other as commodities however if the qualitative labour used for each of them is different, a collision may occur (Mark 30). An increase in the quantity of use values will result in an increase in material wealth. However, there are a times where an increase in the material wealth results in a decrease of use of value.
Commodities come into the world in the form articles, use value or goods. This is there general form. However, they are only commodities because of their two fold nature that is both depository of value and object of utility. Therefore, they only manifest themselves as commodities only when they have the two forms; a physical and a value ...Download file to see next pagesRead More
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