Commodity value its commodity value. A commodity value expressed as a price is determined by historical, social and cultural aspects of production and distribution. Karl Marx described price as the money-name for the labour realised in a commodity. A commodity value is dependent on its utility. Commodity value is of particular significance in the study of currency. For example, the commodity value of a coin is the value of the metal of which it is made. Gold and silver coins have a high commodity value, whereas fiat coins such as modern day quarters have a low commodity value. This is of particular
Commodity status of animals which Torssonen calls "sellfare," are "producible and salable at various points in the commodity chain," subject to competition like any other commodity. Commodity status of animals The commodity status of animals refers to the legal status as property of most non-human animals, particularly farmed animals, working animals and animals in sport, and their use as objects of trade. In the United States, Free-roaming animals ("ferae naturae") are (broadly) held in trust by the state; only if captured can be claimed as personal property. Animals regarded as commodities may be bought, sold, given away, bequeathed, killed, and used as commodity producers: