Question

water: value in use > value in exchange::________ : value in use < value in exchange complete the
correlation​

Answer 1

Answer:

water

Explanation:

value in exchange

Answer 2

Answer:

It describes the worth of a good or service when it is stated in terms of another good or service. Utilisation value is reliant on utility. Scarcity is a prerequisite for value in exchange. Free commodities like water, air, sunlight, etc. have a higher usage value but a lower market value.

Explanation:

The value received in exchange for a given commodity differs from one market to another. Thus, it fluctuates depending on the season and location. The usefulness of a commodity is referred to as value-in-use. One commodity may have enormous use value but no exchange value or vice versa. For instance, water has enormous use value but no exchange value. The utilisation of air, water, sunshine, etc., is highly valued. They are essentially gifts.

Value in exchange refers to a goods monetary value, which is represented by its price.

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