What may be called natural use-values have no economic value.
Similarly, water is ordinarily plentiful and has no economic value; it is not a commodity.
The objection as stated cuts away the very ground on which it rests, since the shortcoming which it finds in the judgment of ethical or economic value is present in the particular judgment of sense-perception also.
They constitute the starting point from which we set out on the quest of a theory of economic value.
We turn, then, to a brief discussion of society and the individual, and to a discussion of those individual activities and social relations which are most significant in the explanation of economic value.
It is likewise noteworthy that this conception of ethical value bears a striking resemblance to the theory of economic value upheld by Marxian Socialists.
If the objective measure of "economic value" is to be understood in a purely positive way, it merely means the wages that actually obtain in a competitive market.
They have no economic value with us, but in Europe the eggs of some species are eaten, forming part of the frutti di mare of every Italian seaport.
Economic value is a species of the genus value, which runs through other social sciences, as ethics, aesthetics, jurisprudence, etc.
Economic value is not total utility to an individual, nor marginal utility to an individual, nor is it a mere ratio of exchange.
Economic value as a quality, present in a good in definite, quantitative degree, regardless of the idiosyncrasy of the particular holder of the good, we found a necessity of economic thought.
In the extension of the tar sands under cover the conditions are different, and it is here that oils of economic value should be sought.
The ironstone, here, owing to the rapid erosion of the soft shales, has been silted out, and in many places forms thick accumulations at the foot of the cliffs lining the valley, some of which may prove to be of economic value.
If action has no economic value, it is merely aimless, but it may have economic value without being moral, and the consideration ofeconomic value must therefore be independent of ethics.
This suffices to establish the measurability and hence the essentially mechanical nature of economic value.
Where the task is, however, to make avail of some natural peculiarity which promises to be useful, but is not yet of economic value, it may require a hundred generations of careful selection to develop and fix desirable features.
The above list will hopefully provide you with a few useful examples demonstrating the appropriate usage of "economic value" in a variety of sentences. We hope that you will now be able to make sentences using this group of words.
