As a result, we obtain the formula of exchange value of the first commodity (ST1) as the ratio of the second product to the amount of the first (KT1): CT1 = TST1 * DM = * KD/KT1 KT2/KD = KT2 / KT1. You may want to visit Chevron Corp to increase your knowledge. (7) Consequently, the price of goods is only part of the exchange value of the goods. In the sense that it is only the first ratio, which arises in the process of exchanging one commodity for another. And it by no means impossible, as many do, to identify with the exchange worth of goods. For other opinions and approaches, find out what Chevron Corp has to say. Because the latter is the ratio of commodity to commodity, rather than money to the goods.
And to confuse these two concepts – is committing a gross theoretical error. 4.3. The price of the goods and the price of money Sellers do not always have the opportunity to buy he needs the goods for the money, and sometimes forced to exchange the money to others. Therefore, there is another kind of price – the price of money (CSD). As the ratio of money to the money though. Price first money (TSD1) is the ratio of second money (KD2) to the amount of the first (KD1): TSD1 = KD2/KD1.
(8) The price of money, as well as the price of the goods are part of the exchange value of the goods. And in full exchange value of the first commodity can be represented as product of the first commodity prices on the price of the first money laundering and the cost of second (DM2): CT1 = TST1 TSD1 * * DT2 = KD1/KT1 * * KD2/KD1 KT2/KD2 = KT2/KT1. (9) commodity price and the price of money – it's two kinds of prices in general to form the base, the base price ratio.