With a glance towards housing

In as much as we are conscious of our wants and needs, we place a value on the goods available that we expect will satisfy them. In this way, we say the value of a good is subjective in that we assign a value to it based entirely on how well it satisfies our wants. That is not to say certain objective characteristics do not make a good qualitatively better or worse at a specific task, only that the value we confer on the good is not an inherent characteristic of the good itself.

For example, the value we put…

Greg Barbieri

Aspiring economist and data scientist.

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