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What (who) is use-value - definition

UTILITY OF CONSUMING A GOOD

Use-value; Use-values

Use value

Use value () or value in use is a concept in 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.

https://en.wikipedia.org/wiki/Use_value

Value-in-use

Value in use

Value-in-use is the net present value (NPV) of a cash flow or other benefits that an asset generates for a specific owner under a specific use.

https://en.wikipedia.org/wiki/Value-in-use

Non-use value

Nonuse value

Non-use value is the value that people assign to economic goods (including public goods) even if they never have and never will use it. It is distinguished from use value, which people derive from direct use of the good.

https://en.wikipedia.org/wiki/Non-use_value

Wikipedia

Use value

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, most often expressed as a money-price.

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.

https://en.wikipedia.org/wiki/Use value

Examples of use of use-value

1. The criteria for winning the contest include factors such as quality and comprehensiveness of the content, ease of use, value addition to users, attractiveness of design and the strategic importance for the global development of the information society.

2. Headteachers can use value–added tables to claim schools are doing much better than their exam results suggest but Ms Gilbert said: "We need to be careful we don‘t use it as an excuse for them not doing better.