What is the meaning of value in use and value in exchange?
Answers
Answered by
0
Heya....
In value exchange ...value refers to money....
It means in the exchange of one good to other good we used good instead of money in the time of barter system...
But presently we are using money for this...Now we just go on a shop and purchase whatever and gave money to seller that refers value of that good....
In value exchange ...value refers to money....
It means in the exchange of one good to other good we used good instead of money in the time of barter system...
But presently we are using money for this...Now we just go on a shop and purchase whatever and gave money to seller that refers value of that good....
Answered by
1
in the older timed it means exchange of goods from good not from good we take one year usually known as barter system..
but in today's world we have replace it by giving money and taking goods. for example we go on a shop and give money to the value of good we have to buy...
thank u
but in today's world we have replace it by giving money and taking goods. for example we go on a shop and give money to the value of good we have to buy...
thank u
Similar questions