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Use Value |
Also found in: Wikipedia | 0.01 sec. |
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Use Value The satisfaction derived from a commodity. That is, use value is the ability of a commodity to extinguish a want. The concept dates at least to Aristotle, but is used most commonly in Marxist economics. It is analogous to utility in neoclassical economics. It differs from exchange value in that use value measures quality while exchange value measures quantity. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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