The Origin of the Money-form of value

The Origin of the Money-form of value

Commodities have intrinsic value and money is a commodity. Therefore, money is a form of value. However, individuals have become more familiar with money than the amount it has in other forms. Money is a form of value for instance in estimating the value of goods in an in the production process as well as finished products that await sale (Jessop, 1999). The different form of commodities has a value that is expressed as an equivalent of a specific amount of money. Even as traders exchange commodities without attaching monetary transactions, they still have to estimate a particular value for their products to find the same commodity to trade and avoid transferring money.  Therefore, commodities have the power of exchangeability. Value is, therefore, the overall power of exchangeability that dwells in the commodities.

For instance, gold as a commodity has no price attached to it, but its price is in the formal role that makes it have a high value.  Without money, products will have to use value as opposed to intrinsic value (Jessop, 1999). Considering commodity A and B has exchange val

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