Question

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some commodity have a high value in use but low
exchange value can be called economic commodity. true or false​

Answer 1

Answer:

Use value

Explanation:

(German: Gebrauchswert) or value in use is a concept in classical political economy and Marxian economics. It refers to the tangible features of a commodity (a tradeable object) which can satisfy some human requirement, want, or need, or which serves a useful purpose. In Karl Marx's critique of political economy, any product has a labor-value and a use-value, and if it is traded as an in markets, it additionally has anmost often expressed as a money max acknowledges that commodities being traded also have a general utility, implied by the fact that people want them, but he argues that this by itself tells us nothing about the specific character of the economy in which they are produced and sold.