English Lexicon

Exchange-value

/ɪksˈtʃeɪndʒˌvæl.juː/
nounCEFR C1 (Advanced)Top #14500 frequency
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2 senses
As noun
  1. 1

    The quantitative proportion in which values of one use-value are exchanged for use-values of another kind, representing a power or capacity of a commodity to trade for other commodities.

    "In classical economics, the exchange-value of a commodity is distinct from its intrinsic utility or use-value."
  2. 2

    The specific market worth or monetary price assigned to goods and services when they are offered for trade in a capitalist economy.

    "The artisan's handcrafted goods held a high exchange-value due to the specialized labor required to produce them."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

Derived from the combination of the English verb 'exchange' (from Old French 'eschangier', ultimately from Late Latin 'cambiare') and the noun 'value' (from Old French 'valoir', from Latin 'valere', meaning 'to be strong or worth'). Popularized primarily through classical political economy and Marxist theory in the 18th and 19th centuries to denote quantitative worth in commerce.

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10 Global Lexicons: How "Exchange-value" is said worldwide

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🇫🇷French → English

valeur d'échange

Transliteration: valœʁ d‿eʃɑ̃ʒ

"La valeur d'échange d'une marchandise dépend du temps de travail socialement nécessaire."

🇩🇪German → English

Tauschwert

Transliteration: ˈtaʊʃˌveːɐ̯t

"Der Tauschwert bestimmt das Verhältnis, in dem Waren gegen andere Waren ausgetauscht werden."

🇮🇹Italian → English

valore di scambio

Transliteration: vaˈloːre di ˈskandʒo

"Il valore di scambio differisce dal valore d'uso di un bene."

🇪🇸Spanish → English

valor de cambio

Transliteration: baˈloɾ de ˈtʃambjo

"El valor de cambio se manifiesta en el mercado a través del precio."

🇵🇹Portuguese → English

valor de troca

Transliteration: vaˈloɾ dʒi ˈtɾɔkɐ

"O valor de troca de um produto é regulado pelo tempo de trabalho."

🇮🇳Hindi → English

विनिमय मूल्य

Transliteration: vinimay moolya

"अर्थशास्त्र में वस्तु का विनिमय मूल्य उसके उपयोग मूल्य से भिन्न होता है।"

🇨🇳Chinese → English

交换价值

Transliteration: jiāohuàn jiàzhí

"交换价值表现为商品同另一种商品相交换的量的关系或比例。"

🇰🇷Korean → English

교환가치

Transliteration: gyohwang-gachi

"마르크스 경제학에서 상품은 사용가치와 교환가치를 동시에 지닌다."

🇯🇵Japanese → English

交換価値

Transliteration: kōkan kachi

"商品の交換価値は、市場における売買の比率を決定する。"

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