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An approximate value in terms of Money that is guesstimated.

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11y ago

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What is use value and esteem value?

Use value or functional value is the perceived value of goods or services to a customer because the goods/services do what they are supposed to do in the way they do it. Thus a vacuum cleaner that cleans better than another has higher functional value - most customers would be willing to pay more for it, Esteem value is the value of goods or servcies according to the status they afford to the buyer/user. Thus, many customers will pay more for a branded item of clothing because they want to 'wear the name' - they feel it gives them some status a non-branded item would not.


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Once an item is consumed, its value typically depreciates immediately, as it is no longer available for use or resale. For tangible goods, the depreciation can be considered instantaneous upon consumption, while for services, the value might be seen as expiring at the moment the service is rendered. In both cases, the perceived utility and market demand for the item can also influence the rate of depreciation.


What is the value of a George Washington (2nd oz) 5 - stamps item no. 315600 value. 1.15?

The value of a George Washington (2nd oz) 5-stamps item, specifically item number 315600, is $1.15. This value reflects its current market worth and may vary based on condition and demand. For collectors or those interested in postal history, the item's significance can also influence its perceived value. Always check recent sales or catalogs for the most accurate pricing.


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When saying that an item is expendable it is meant that the item should be used up or consumed, and that it is not worth keeping or preserving. It is not reusable.


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The value of an item is determined by several factors, including its scarcity, demand, utility, and condition. Market dynamics play a significant role, as items with high demand and limited supply typically command higher prices. Additionally, subjective factors like brand reputation and emotional attachment can influence perceived value. Economic conditions and trends can also impact how much someone is willing to pay for an item.


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Trade increases the value of an item because it transers the item to someone who values it more. Hope that helps!


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