use value

  

Definition

Economics concept that the value of a good or service is related only to its mode of use, or to an equivalent value in cash, and not to any intrinsic value.

Use use value in a sentence

  • I wanted to determine the use value of the object but it seemed really impossible to do because it was damaged.

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  • Upon evaluating their new product, they must not be swayed by how much they like the product, or how revolutionary it might be-- they must look at use value to determine if it's realistic to manufacture.

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  • Even though the product only cost 20cents to produce, it's use value was 100x more since it was required to use the newest tablet.

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