Skip to content
quotesby

The commodity is first of all, an external object, a thing which through its qualities satisfies human needs of whatever kind. The nature of these needs, whether they arise, for example, from the stomach, or the imagination, makes no difference. Nor does it matter here how the thing satisfies man's need, whether directly as a means of subsistence, i.e. an object of consumption, or indirectly as a means of production

Karl Marx#51

EconomicsProductionConsumerNeeds

About this quote

What does it mean?
A commodity is an external object that satisfies human needs, whether for consumption or production, regardless of the nature of those needs.
In plain terms
Commodities meet needs, direct or indirect.
What can you take from it?
Understand commodities as tools for fulfilling needs.

Where it applies

  • marketing
  • production planning

Putting it to work

  • designing useful products
  • aligning supply with demand

Questions to consider

  • How do commodities shape consumer behavior?
  • When do needs become manufactured?

Another view

Commodities can also create new desires.

More from Karl Marx

  1. Die Natur baut keine Maschinen, keine Lokomotiven, Eisenbahnen, electric telegraphs, selfacting mules etc. Sie sind Produkte der menschlichen Industrie; naturl…

    Permalink to quote #50
  2. Capital is money, capital is commodities. By virtue of it being value, it has acquired the occult ability to add value to itself. It brings forth living offspr…

    Permalink to quote #52
  3. Die Gesellschaft besteht nicht aus Individuen, sondern druckt die Summe der Beziehungen, Verhaltnisse aus, worin diese Individuen zueinander stehn.

    Permalink to quote #49

Related quotes

  1. Consumption is the sole end and purpose of all production; and the interest of the producer ought to be attended to, only so far as it may be necessary for pro…

    Adam SmithAdam Smith quote #16
  2. The manufacturer does not produce shoes because he knows that Jones needs them. He produces because he knows that dozens of traders will buy certain numbers at…

    Friedrich HayekFriedrich Hayek quote #125
  3. More and more of the flow was diverted from production into the political mechanism. Whatever elements in motion compose a stream of energy, enough must go thr…

    Isabel PatersonIsabel Paterson quote #3