Question

Water: value in use > value in exchange:: value in use < value in exchange.​

Answer 1

Answer:

The satisfaction which one obtains from the use of a commodity is known as the value-in-use. For example water has immense use value, because it quenches thirst and without it daily life is just impossible. The quality of water is the value-in-use of water.

Explanation:

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Answer 2

Answer:

It is the want satisfying power of a commodity. The satisfaction which one obtains from the use of a commodity is known as the value-in-use. For example water has immense use value, because it quenches thirst and without it daily life is just impossible. The quality of water is the value-in-use of water.

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