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Use-value as an aspect of the commodity coincides with the physical palpable existence of the commodity. Wheat, for example, is a distinct use-value differing from the use-values of cotton, glass, paper, etc. A use-value has value only in use, and is realized only in the process of consumption. One and the same use-value can be used in various ...
a value, represented by the socially necessary labour time to produce it (Note: the first link is to a non-Marxian definition of value); a use value (or utility); an exchange value, which is the proportion at which a commodity can be exchanged for other entities; a price (an actual selling price, or an imputed ideal price).
By definition, excess properties are related to those of the ideal solution by: z E = z − z IS {\displaystyle z^{E}=z-z^{\text{IS}}} Here, the superscript IS denotes the value in the ideal solution, a superscript E {\displaystyle E} denotes the excess molar property, and z {\displaystyle z} denotes the particular property under consideration.
From this analysis came the concepts value in use and value in exchange. Value is linked to price through the mechanism of exchange. When an economist observes an exchange, two important value functions are revealed: those of the buyer and seller. Just as the buyer reveals what he is willing to pay for a certain amount of a good, so too does ...
Chemical potentials are important in many aspects of multi-phase equilibrium chemistry, including melting, boiling, evaporation, solubility, osmosis, partition coefficient, liquid-liquid extraction and chromatography. In each case the chemical potential of a given species at equilibrium is the same in all phases of the system.
The automobile’s transport-function is primary, from which arises its use-value, whilst the social prestige function is secondary, from which arises its sign-value. The French sociologist Jean Baudrillard proposed the theory of sign value as a philosophic and economic counterpart to the dichotomy of exchange-value vs. use-value , which Karl ...
Wood notes that Locke is not actually concerned with the act of labor or improving the use value of property, but rather is focused on the creation of exchange value as the basis of property. [16] For one thing, it turns out that there is no direct correspondence between labour and property, because one man can appropriate the labour of another.
Cation-exchange capacity (CEC) is a measure of how many cations can be retained on soil particle surfaces. [1] Negative charges on the surfaces of soil particles bind positively-charged atoms or molecules (cations), but allow these to exchange with other positively charged particles in the surrounding soil water. [ 2 ]