2 ms·
The notion of intrinsic value was abandoned by economists more than a hundred years ago. In modern economics, value is subjective. Market prices simply reflect
by lottin 8y ago
The notion of intrinsic value was abandoned by economists more than a hundred years ago. In modern economics, value is subjective. Market prices simply reflect the value individuals place on goods and services.
- checkyoursudo 8y agoSometimes market prices reflect the value some individuals think other individuals will place on things. Which leads back to how something can be over/under-valued.