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exchange value
(redirected from Exchange-value)

   Also found in: Financial, Wikipedia 0.03 sec.
See: price


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Commodity sales increase the amount of exchange-value owned by capitalists, yielding profit and thus helping them accumulate capital.
Deeply held principles or ideals: the 10 key Green values * Inherent worth: Deep Ecology's "intrinsic value" * Monetary worth: the market valuation of a commodity or other asset * Utility: the consumer's subjective valuation of a commodity * The basis for prices in a capitalist economy: Marx's exchange-value The above list does not include the additional meanings that--in my view--the term should have within an economic framework based on the needs of humankind and the limits of nature.
Standard economists frequently confuse use-value and exchange-value, largely to mystify the workings of capitalism, but we should not permit this among ourselves.
 
 
 
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