Goods that have their uses would be considered valuable or valuable by humans, even humans willing to sacrifice to obtain it. Values are given human meaning of a good or service. An item has a value for goods and services are able to meet human needs, limited or scarce, and can be owned and exchanged with other goods.
Various kinds of value of goods
a. Use value, is the ability to be used in meeting the needs of life. For example, a house can be used as a shelter from rain and bad weather. This means the house has a use value to humans. Use value consists of two types, namely as follows:
1. subjective use value, the value given to a person’s goods because the goods can meet their needs. The assessment of the benefits of an item can vary. For a writer of books, computers have a higher subjective value than it is for a fisherman. Instead, the boat has a higher subjective value to the fishermen. Thus, the subjective use value is influenced by the intensity of use of an item by a person.
2. objective use-value, is the ability of goods to meet human needs in general. Assessment of an item given by a human or a lot of people. For example, for all humans, foods and drinks have the ability to eliminate hunger and thirst.
b. Exchange rate, is the ability of a goods exchange for money or other goods. Exchange rate consists of the following:
1. subjective exchange value, is the exchange value of goods from the viewpoint of the owners or people who exchange goods. The exchange rate of the subjective individual, means differ from one person to another. For example, a photographer does not want to swap the camera with a camera phone, although for many people, both objects have the same function.
2. exchange rate objective, the exchange of goods generally applicable. In other words, the exchange rate from the viewpoint of the goods themselves. For example the services of a farmer tilling fields exchanged by one-third the harvest fields.