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Introduction

Karl Marx in the first few pages of Capital observed that commodity at first sight can be seen as very trivial thing however there is no doubt that commodity as the desanctified “object” of consumption lies at the heart of capitalist society which leads to departure for elaborating the complex matrix of capitalism development.

The key idea of the ‘commodity’ is that of exchange value, so commodities are items that can be exchanged for other items. An objects nature as a commodity doesn’t come from the truth that people have made it nor that it is useful. For Marx the central problem with ‘commodity’ is that the labour involved in the production is unseen, so that the consumer sees a thing as something they want supposed to something made as a product of someone’s labour. All societies produce useful goods but this does no make all good commodities. When labours produce hard working goods for the ‘market’ the value of those goods is not set......

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Approximate Word Count: 2177
Approximate Pages: 9 (250 words per double-spaced page)

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