Subjective theory of value

Subjective assessment methods represent economic evaluation concepts and build on the idea that the economic value of a product or service in the first place by fulfilling their needs on the one hand and its availability or scarcity on the other hand depends (see also intrinsic valuation method ).

Criticism has been leveled to the subjective assessment methods, because an objective assessment of the individual often can not comprehend.

The idea of ​​subjectivity is originally from Xenophon and emerged in the debate over whether an object can be beautiful and ugly at the same time. The assessment therefore depends on the suitability of the goods for a particular purpose (see also Socrates ).