| 单词 | standard of commerce |
| 释义 | > as lemmasstandard of commerce b. A commodity, the value of which is treated as invariable so that it can be used as a measure of value for all other commodities (originally more fully †standard of commerce). Also: a commodity used as a basis of value in a monetary system.See also gold standard n. 2. ΘΚΠ society > trade and finance > merchandise > [noun] > commodity of standard value standard1683 1683 Britanniæ Speculum 47 Some one or other Commodity was every where found out to be the Standard of Commerce and Traffick. 1757 J. Harris Ess. Money & Coins 84 In these parts of the world, silver is, and time immemorial hath been, the money standard. 1776 A. Smith Inq. Wealth of Nations I. i. v. 43 Labour..is..the only standard by which we can compare the values of different commodities at all times and at all places. View more context for this quotation 1825 J. R. McCulloch Princ. Polit. Econ. i. 25 Having been used..as standards whereby to measure the relative value of different commodities. 1997 C. A. Gregory Savage Money 256 The cowrie can be, and has been, a standard of significant value..throughout history. < as lemmas |
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