This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "Use value" – news · newspapers · books · scholar · JSTOR(January 2024) (Learn how and when to remove this message)
How well a commodity fulfills human purposes
Not to be confused with value-in-use.
Use value (German: Gebrauchswert) or value in use is a concept in classical political economy and Marxist economics. It refers to the tangible features of a commodity (a tradeable object) which can satisfy some human requirement, want or need, or which serves a useful purpose. In Karl Marx's critique of political economy, any product has a labor-value and a use-value, and if it is traded as a commodity in markets, it additionally has an exchange value, defined as the proportion by which a commodity can be exchanged for other entities, most often expressed as a money-price.[1]
Marx acknowledges that commodities being traded also have a general utility, implied by the fact that people want them, but he argues that this by itself says nothing about the specific character of the economy in which they are produced and sold.
^"Glossary of Terms: Us". Marxists.org. Retrieved 13 March 2012.
Usevalue (German: Gebrauchswert) or value in use is a concept in classical political economy and Marxist economics. It refers to the tangible features...
Market value or OMV (Open Market Valuation) is the price at which an asset would trade in a competitive auction setting. Market value is often used interchangeably...
valuable, value, value types, valued, or values in Wiktionary, the free dictionary. Wikiquote has quotations related to Value. Value or values may refer...
be called "value in use;" the other, "value in exchange." The things which have the greatest value in use have frequently little or no value in exchange;...
the other three attributes being usevalue, economic value, and price. Thus, a commodity has the following: a value, represented by the socially necessary...
value and utility derived from the function and the primary use of the object. For example, the buyer of a Rolls-Royce limousine might partly value the...
thing exists. Existence value is a prominent example of non-usevalue, as they do not require that utility be derived from direct use of the resource: the...
the German word "Mehrwert", which simply means value added (sales revenue minus the cost of materials used up), and is cognate to English "more worth"....
all available data, value investing proposes that some equities are not accurately priced. Graham himself did not use the phrase value investing. The term...
be called "value in use;" the other, "value in exchange." The things which have the greatest value in use have frequently little or no value in exchange;...
values provided by a given ecosystem. The value of an ecosystem can be distinguished as: Usevalue — Can be split into Direct and Indirect usevalues:...
view costs through a type of subjective value lens. Since the subjective value holds that buyers use their own value judgements, the same goes for sellers...
the same value object that represent the same entity: it is often simpler to create a new object rather than rely on a single instance and use references...
four types of services can then provide two basic categories of value: the use and non-use categories. Environmental economists have further separated categorizes...
programming, a sentinel value (also referred to as a flag value, trip value, rogue value, signal value, or dummy data) is a special value in the context of...
of the portion used in relation to the copyrighted work as a whole; and the effect of the use upon the potential market for or value of the copyrighted...
In mathematics, the mean value theorem (or Lagrange theorem) states, roughly, that for a given planar arc between two endpoints, there is at least one...
theory, the expected value (also called expectation, expectancy, expectation operator, mathematical expectation, mean, expectation value, or first moment)...
Consumer value is used to describe a consumer's strong relative preference for certain subjectively evaluated product or service attributes. The construct...
Enterprise value (EV), total enterprise value (TEV), or firm value (FV) is an economic measure reflecting the market value of a business (i.e. as distinct...
contemporary money systems are based on unbacked fiat money without usevalue. Its value is consequently derived by social convention, having been declared...
In marketing, a company’s value proposition is the full mix of benefits or economic value which it promises to deliver to the current and future customers...