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[255] Jason: First of all it is important to note that all commodities need
to use a specific method to be able to specify their values. As we
talked about in class, in today's society we use the modern day
monetary policy, in that we use bills and coins. I'm sure back in the
day people used a myriad of ways to exchange. According to a past
submission this phenomena is the joint work of commodities. As was
stated before, the value of exchange is highly influenced by members
of society. Commodities can be used as a means of exchange. For
example if I scratch your back you will need to scratch mine type of
scenario. In addition another point to consider is that the more
means of exchange one owns, the ability that person has of being able
to obtain more commodities increases. |
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