value-forms

Noun

value-form (countable and uncountable, plural value-forms)

1. (Marxism) The social form of a commodity as a representation of value (socially necessary labour time).
   • Commodities come into the world in the shape of use values, articles, or goods, such as iron, linen, corn, &c. This is their plain, homely, bodily form. They are, however, commodities, only because they are something two-fold, both objects of utility, and, at the same time, depositories of value....1887, Karl Marx, “Chapter I: Commodities; Section 3, The Form of Value, or Exchange Value”, in Samuel Moore, Edward Aveling, transl., edited by Frederick Engels, Capital: A Critical Analysis of...