What is a good material?
Good is a Good is an item that consumers can buy, sell or trade for other items. The study of these goods is common in economic theory or philosophy. There are many theories that determine the value of the material. For example, classical economists believe that the goods are worth using them, which the individual receives from their possession. Marxist economic theory states that the value of good comes from the work it needs to convert raw materials into a weighted item. In historical times, the medium was necessary to buy or trade in various goods in the economy. The consumer with the farm could replace corn to a consumer who has grown cotton. In this scenario, each material has a good value for others because the individual grows only one item individually. Business goods allow each individual the ability to improve their livelihood without growing the item itself.
Unfortunately, cosistant trading with one material for the other finally weakens isthe value of them. When everyone has corn in the economy, the good value decreases sharply. Individuals are therefore looking for a good that has a value that provides the medium of exchange, which is constantly value for all individuals at all times. Historically, gold has become this medium. This good was valuable for all individuals, allowing maize growers to trade with gold for gold and then replace gold for cotton or other objects, to meet the needs of the individual.
In this classical economic theory, each individual has the ability to place value on any material in the economy. Shops, purchases or sales occur only if each individual believes that goods in the transaction are of the same value. Therefore, the value of the good is only determined by the individual consumer. Finally, a goods market is formed, one individual selling good value considered by the most important individuals in the ECOnomice. Every good material in the economy falls under this theory until you have no value or use in the economy.
On the other hand, the theory places a different value on material goods. Marxist theory attempts to appreciate the good for the work he needs to make an item. For example, maize grower would appreciate his goods on the basis of his work on his production in society. While many classical economists believe in the theory of work, Marxist theory moves it to the level of personal level. In addition to the personal level of work, the socially acceptable work needed to produce the goods will be placed on social level in addition to the personal level of work to create material good.