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  1. ECONOMICS|economic analysis|economic analysis|economic value · FINANCE|prices

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    IATE #1240003
    comaoin Tagairt Faomhadh an téarma seo mar chuid de Thionscadal Lex
    ga
    luach malairte Tagairt Faomhadh an téarma seo mar chuid de Thionscadal Lex
    ga
    value in exchange
    en
    Sainmhíniú quantitative relationship which expresses the worth of one commodity in terms of another commodity Tagairt "A Concise Oxford Dictionary of Politics and International Relations (4 ed.) (15.10.2020). Garrett W Brown, Iain McLean, and Alistair McMillan. Oxford University Press. Current Online Version: 2018"
    Nóta For instance, if one pair of shoes can be exchanged for two chairs then the exchange value of a pair of shoes is two chairs and the exchange value of two chairs is a pair of shoes. When these exchange ratios are expressed in a money form (2 chairs = £40) then exchange value is the price of a particular commodity.