Continue reading Â». Sarojini Naidu, known as the âNightingale of Indiaâ, was a celebrated poet, playwright and Indian independence activist. She was the first woman to become President of the Indian National Congress and the first woman to achieve the post of Governor of Uttar Pradesh state.
Commodities are bulk goods and raw materials, such as grains, metals, livestock, oil, cotton, coffee, sugar, and cocoa, that are used to produce consumer products. The term also describes financial products, such as currency or stock and bond indexes.
However, use-value does not automatically lead to a commodity: He who satisfies his own need with the product of his own labour admittedly creates use-values, but not commodities. In order to produce the latter, he must not only produce use-values, but use-values for others, social use-values (131). Commodities, therefore, possess a double form, i.e. natural form and value form (138). (See Use-Value vs. Exchange-Value.) The physical body of the commodity is made up of 1) the material provided by nature (e.g. linen, gold, etc.); and 2) the labor expended to create it (see Marx, Capital 133). Note that a commodity can refer to tangilble things as well as more ephemeral products (e.g. a lecture).