noun
exchange value
Economic term referring to the value of a good or service in terms of what it can be exchanged for, as opposed to its use value.
マルクス経済学では、商品の交換価値は労働量によって決まるとされる。
In Marxian economics, the exchange value of a commodity is said to be determined by the amount of labor.
使用価値 (use value) refers to the utility of a good, while 交換価値 (exchange value) refers to its value in exchange.
Compound of 交換 (exchange) and 価値 (value), a direct translation of the English economic term 'exchange value'.