Economy, asked by siddhantsharmapas8a7, 1 year ago

difference between exchange value and use value

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Answered by Bittu2014
4
Use value vs. Exchange value:
The usefulness of a commodity vs. The exchange equivalent by which the commodity is compared to other objects on the market. Marx distinguishes between the use value and the exchange value of the commodity. The more labor it tales to produce a product, the greater its value.

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