Intrinsic theory of value
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This article is about the philosophy of economic value. For valuation of financial assets, see Intrinsic value (finance).
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An intrinsic theory of value (also called theory of objective value) is any theory of value in economics which holds that the value of an object, good or service, is intrinsic or contained in the item itself. Most such theories look to the process of producing an item, and the costs involved in that process, as a measure of the item's intrinsic value.
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