Who will explain the relationship between monetary value, price and cost?

1, money has the function of value scale, because money itself is a commodity and has value.

2. The relationship between value scale and price. Generally speaking, after the emergence of money, the value of all commodities is expressed in money, and the value of commodities is expressed in monetary quantity. For money, money performs the function of value scale here. For the value of goods, it is expressed as the price of goods. Price is the monetary expression of value.

3. The relationship between value and price. Price is the monetary expression of value, and value is the basis of price. Generally speaking, the price of a commodity is directly proportional to the value of the commodity itself and inversely proportional to the value of the currency itself.

4. Cost determines price.