11th Reading Assignment

11th Reading Assignment - or commodity is instilled with a...

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Warren Bales Assignment 11 Prof. Everett February 22, 2011 1. A commodity in the capitalist system is a unit of value to be accumulated in “wealth”. It is an object that is imbued with value due to human wants and desires. A diamond can be a commodity, or a piece of paper, it all depends on what is in demand by society. 2. A use-value is the value placed upon a labor product or commodity. Any product of labor
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Unformatted text preview: or commodity is instilled with a use-value from the maker and recipient. 3. An exchange-value is the value of a commodity in the markets of a society. It differs from use-value in that exchange-value is the worth of a commodity relative to other goods....
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