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By definition, the monetary value of something is what people are willing to pay for it.
by BurningFrog 4y ago
By definition, the monetary value of something is what people are willing to pay for it.
- ummonk 4y agoYes but that's not the same as the more useful (no pun intended) definition of value - namely, utility.
- BurningFrog 4y agoThey're both useful, for different purposes. I recommend being clear about which definition is used, rather than trying to enforce one meaning should always be used.