Commodity (Marxism) - Illustration

Illustration

To understand the concept of a commodity, consider a chair. It is a commodity if the chair is a tradable product of human work possessing a social use-value. By contrast, a fallen log of deadwood sat upon in the forest is not a commodity, as it was not produced by human work for the purpose of trade. A chair created by a hobbyist as a gift to someone is not a commodity. Nor is a chair a commodity (as a chair) if its only use would be as firewood (unless one purchases a chair specifically to chop it up for firewood). A chair that nothing could sit on, has no use-value, and cannot be a commodity. An ornamental chair might yet however, have value.

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