vahetusväärsus
Vahetusväärsus is an Estonian term that translates to "exchange value" or "value in exchange." It refers to the worth of a good or service when it is traded for another good or service in a market economy. This concept is fundamental to understanding how economies function, as it underpins the process of trade and the allocation of resources.
The exchange value of something is not necessarily the same as its use value, which is its
Several factors influence the exchange value of a commodity. Supply and demand are primary determinants. When
In economics, the theory of value has been debated for centuries. Classical economists like Adam Smith and