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 markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price. The word "commodity" came into use in English in the 15th century, from the French "commodité", "amenity, convenience". Going further back, the French word derives from the Latin "commoditas", meaning "suitability, convenience, advantage". The Latin word "commodus" (from which English gets other words including "commodious" and "accommodate") meant variously "appropriate", "proper measure, time, or condition", and "advantage, benefit". In economics, the term "commodity" is used specifically for economic goods or services that have full or