The ability to trade an asset, such as money, for goods and services. Money has no "value in use." In itself, it does not satisfy wants or needs. To satisfy wants and needs, it must be traded. Although money has no value in use, it has value in exchange.
Related information about value in exchange:
- Value in Exchange: Definition from Answers.com
Amount of other goods and services for which a unit of a specific good can be exchanged in a market. The money price often is one measure of value in an.
- Value in exchange - AmosWEB
The ability to trade an item or asset, especially money, for other goods and services that can then be used to satisfy wants and needs. Value in exchange means ...
- Exchange value - Wikipedia, the free encyclopedia
In political economy and especially Marxian economics, exchange value refers to one of four major attributes of a commodity, i.e., an item or service produced for ...
- What is value in exchange? definition and meaning
Definition of value in exchange: The ability to trade an asset, such as money, for goods and ... Although money has no value in use, it has value in exchange.
- value in exchange - Financial Dictionary - The Free Dictionary
The theoretical value of a commodity if it were to be traded. In Marxist economics, this is similar to but distinct from the concept of price, which is a money value of ...
- Value In Exchange
Value In Use Or Value In Exchange, A Serious Tax Issue To Consider Before Bartering. Monday, July 5th, 2010. By: Ainsley Brown. Cash or no cash, exchange ...
- Value In Exchange and Labor - Robert Schalkenbach Foundation
From the assumption that economic value is not merely what we have found it convenient to call value in exchange, but in reality is exchangeability -- a quality of ...
- value in exchange - Business Definition
value in exchange definition: The value of something in terms of the goods or services for which it can be exchanged. While specie (for example, a gold coin) ...