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Ashlee English
16 July, 15:43
What determines the value of a commodity?
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Gregory Compton
16 July, 18:03
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- Income and population
- Costs and technology
- Government policy and producer organisations
- Weather
- Interest rates and the US dollar
- Speculation
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Kamren Moss
16 July, 18:23
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Currency. A commodity value expressed as a price is determined by historical, social and cultural aspects of production and distribution. Karl Marx described price as the money-name for the labour realised in a commodity. A commodity value is dependent on its utility.
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