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Use Value vs. Exchange Value

“The ongoing process of selling and donating things requires a tricky first step: deciding how to value an item.”
DoneByForty.com

“The ongoing process of selling and donating things requires a tricky first step: deciding how to value an item. Luckily, Adam Smith has given us two concepts that help make that decision easier: Use Value and Exchange Value.” – DoneByForty.com

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[Photo cred: jumpinjimmyjava]

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