Social Sciences, asked by aswathyms24, 6 months ago

_________ refers to the creation of those goods

and services which have exchange value.​

Answers

Answered by Anonymous
3

In political economy and especially Marxian economics, exchange value (German: Tauschwert) refers to one of four major attributes of a commodity, i.e., an item or service produced for, and sold on the market. ... a price (it could be an actual selling price or an imputed ideal price).

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Answered by Anonymous
0

Answer:

Exchange value refers to “the power of purchasing other goods which the possession of [an] object conveys” (Smith [1776] 1960, p. 32); in other words, it expresses the relative price of a good in terms of other goods.

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