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Lecture #3 Marxist Economics

Policy@McCombs

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What Is the Difference Between Product and Commodity?

A product is anything produced by a man. A commodity is produced in order to sell or to barter. All commodities have to combine use value with exchange value. So much iron is exchanged for so much corn. On the average and barring special circumstances, commodities of one type will exchange for commodities of another type in a definite proportion.

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