value of exchange ECON
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Instead, a commodity is something like an embodied social process, and it is always conditioned by two factors: its use value and its exchange value.
en.wikipedia.org The idea was to give farmers a fair exchange value for their products in relation to the general economy (parity level).
en.wikipedia.org The exact exchange value of each was determined by the quantity and quality of the metal, which reflected on the reputation of each mint.
en.wikipedia.org He distinguishes the use value of a thing from its exchange value, which can be entirely different.
en.wikipedia.org In the socialist economy, the value of a good or service is based on its use value, rather than its cost of production or its exchange value.
en.wikipedia.org