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Concept information

Preferred term

exchange and use value  

Definition

  • For Karl Marx, the value of a commodity consists of two contradictory aspects: use value and exchange value. Use value refers to a product's utility in satisfying needs and wants as afforded by its material properties. [Source: Encyclopedia of Consumer Culture; Value: Exchange and Use Value]

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URI

http://data.loterre.fr/ark:/67375/N9J-W12VGLNG-Z

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