The word merchandise comes from the word “merchant” (merchant) that comes from the Latin “mercans, mercantis”, when we talk about merchandise we are referring to everything that can be “sold or bought” that applies more than anything else to goods economic or scarce goods, due to the rivalry to free goods, which are those that buy in the market but pay a certain price for them.
These goods qualify them for being fungible, which is when they are consumed with total use or in terms of one or more parts, which indicates that the markets treat all the request for the same good or almost the same, without the difference of the place of where it comes from.
In the area of merchandise, there are different types of manufactured and linked value that cannot be treated as the same, because it offers different things to the end customer. For example, in the market, not all products could be changed because they are not the same, these products are differentiated by the various types of brands, design, size, functions, and their year of manufacture where they raise or lower the price accordingly. to the buyer's needs.
The merchandise Karl Marx is all that is produced by human labor. As society increased, people saw that they could exchange their goods for what other people acquired, but from then on, the goods were exchanged into merchandise. That is why in this market it is necessary that the goods have an exchange value.
