Value of Commodity refers to its -
Answers
Answered by
3
In the field of economics, the commodity value of a good is its free market intrinsic value under optimal use conditions. In a free market, the commodity value of a good will be reflected by its price. ... The price of a commodity fluctuates around its commodity value.
Answered by
0
Answer:
Commodity valuation is the process of deriving the intrinsic value of a commodity under optimal market conditions. In a perfectly competitive free market, the price of a commodity reflects the intrinsic value of that good.
Explanation:
hope it is correct and helpful
Similar questions