The general term for commodity production and commodity exchange. Commodity economy arose and developed at a certain historical stage of development of social production. It has replaced the natural economy, hastened the development of the productive forces of society, which was of great significance for historical progress. Commodity is an economic category bound up with a definite historical stage. According to the prediction of the classic writers of Marxism, the commodity economy develops with the development of the productive forces and will wither away at a definite historical stage when it completes its historical task and will be replaced by the socio-economic form of the product exchange economy…
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