What is value? The economic aspect

We all shop in stores. We buy goods necessary for home, everyday life or just trinkets. It happens that the goods fall into the hands of different quality - food, clothing, household items. Unfortunately, conflicts in shops are also frequent, when after the sale and payment of money it turns out that something is wrong with the purchase: we, of course, can demand an examination, but these are long and painstaking bureaucratic cares that take a lot of time and effort. It's easier to understand what the value of the purchased item is, and try to exchange it for some equivalent. But first you need to understand what is the value, of course, economically.

First of all, we are talking about the financial equivalent of various types of things, objects or services. For example, a toy crane has the same value as a machine controlled by a remote control, and a set for playing darts. But there may be a symbolic equivalent, when the service provided is equivalent to another service provided in exchange for the first. And it does not matter who as a result of such a transaction is the winner - in any case, each of the participants of such a "changage" determines its cost of the services provided.

This leads to two conclusions. The first - the answer to the question of what value is, lies in the plane of individual assessments. Of course, it is more realistic to proceed from the principles of financial value. But then we are talking about the capitalization of this subject or service. And here value is just a monetary equivalent. The second - the concept of "value" lies in the area of comparison with the third object. In this case, there is an understanding of the importance of the results, but not the subjects of economic exchange. It should also be clarified that the very economic exchange can be carried out both at the individual level, and at the level of individual companies, any other economic agents.

At the same time, speaking from the point of view of public interests, certain efforts, resources, knowledge, and capital investments are required to produce an item. There is a consumer value - some single property of the goods, allowing it to "join" in the exchange of public goods. And such an exchange is always made in equal proportions, no matter what the individual estimates are.

However, the answer to the question "what is the value" can be searched somewhat in a different plane, say, philological. We proceed from the definition: value is something that is valuable, has a price, is sold, is subject to sale or exchange. It follows that the value economically measures the social legitimacy of the given object or service, their social significance for the consumer.

Thus, when we say that such a value, we mean the following:

1. Customer satisfaction is the level of coincidence of social interests / expectations with the properties of goods that enter the domestic market.
2. The quality of goods - individual properties, which favorably distinguish them against the background of similar items. The more individual properties, the more valuable this product.
3. Consumer values are a general, social idea of how a product (service) should look like, what properties it should possess, and an understanding of how the acquired product will raise the standard of living.

And in this respect, value is just a financial dimension of the uniqueness of the things that surround us.