Use Value

Use value refers to the practical benefit or usefulness of a good or service to a person. It reflects how much someone can benefit from or enjoy something through its use, regardless of its market price or rarity. For example, the use value of a bicycle is the transportation and exercise it provides. It's a way to measure how valuable an item is based on its ability to meet a person’s needs or preferences in everyday life, rather than what it might cost or its monetary worth.