value and its ability to be accepted for exchange is its exchange value.
             For any exchange to take place in the market there must be a common standard measure to be considered to guarantee fair exchange. Labor has been identified as the standard measure of exchange in the market because it is the only common variable in all commodities and depending on the 'socially necessary labor time' it determines the value of the commodity. On the other hand, money is the medium of exchange because it is globally acceptable as the monetary equivalent of a commodity's value.
             Labor is thus the basis and source of value in the market. This is because the value pegged in the market is determined by the predominantly socially necessary labor time. Value and utility of commodities and services in th
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