| |
[14] Chacci: Inherent Exchange Value A commodity does not have an inherent value because there are several
different variables that may change its exchange value. It is dependent on
time, place, and the circumstances of exchange. As an example, our book may
have an exchange value for people enrolled in our class, but has little or no
value to those enrolled in a math class. Therefore our book does not hold
any kind of inherent value, otherwise it would have the same value to the
math student as it does to us enrolled in this class. |
|