Subjective use-value

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Subjective use-value is the importance attached to an object or service due to the belief, judgment, knowledge or expectation that its use can produce a desired effect. If it is based on a belief, judgment or expectation, it may or may not be true. Likewise, a thing with the power to produce a desired effect may not have subjective use-value for a person who is not aware of this fact.[1]


  1. Percy L. Greaves, Jr. "Mises Made Easier ", 1974. Referenced 2014-08-23.