हिंदी

Distinguish between value and price.

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प्रश्न

Distinguish between value and price.

अंतर स्पष्ट करें
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उत्तर

Basis of Distinction Value Price
1. Nature of the concept Value is a real concept. Price is a money concept.
2. Exchange value The exchange value of one commodity is measured in terms of another commodity. Price is the exchange value of a unit of a commodity or service measured in terms of money.
3. Expression Value of a commodity is expressed as the ratio of exchanges between two commodities. Price is expressed as the money value of a commodity.
4. Relation Value is related to any quantity of other commodities. Price is always determined per unit of a commodity.
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अध्याय 3: Basic Concepts of Economics - QUESTIONS [पृष्ठ ५०]

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जे. पी. गोयल और कौशल गोयल Economics [English] Class 9 ICSE
अध्याय 3 Basic Concepts of Economics
QUESTIONS | Q 3. | पृष्ठ ५०
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