For something to have value, it must have utility, or the capacity to be useful and provide satisfaction.
Answer:
For something to have value, it must have utility.
Explanation:
Economic value is defined as "The worth of all the benefits and rights arising from ownership. Two types of economic value are (1) the utility of a good or service, and (2) power of a good or service to command other goods, services, or money, in voluntary exchange. "
Reference: WebFinance Inc. “What Is Value? Definition and Meaning.” BusinessDictionary.com, 2019
