what is material value

[sushi]

what is the value and utility of a material/wealth?\

how to create value/products, or wealth?

how do human percieve value in something and judge whether it is worth buying or not

the value of a material depends on its form ,quality, physics, function and ability, and what it is made of

it is also depends on how it stimulates the 5 senses, mind and body


for example things of higher value is easily fools our 5 senses, like a 5 star hotel room vs a bad motel room

or very good tasting food or bad tasting food

otherwise i cannot explain why certain objects have higher value and price than other objects, other than scarcity.

 

[Bluehalite]

Is it classic? Not a fad? Quality and natural? Long lasting?
Certain brands gain that status.

 

[sushi]

Is it classic? Not a fad? Quality and natural? Long lasting?
Certain brands gain that status.

brand value is the worst invention and fictious value.

its just marketed value and product differentiation with no meaning.

 

[Bluehalite]

Why?
Idk, to me, just thinking about the Toyota brand - I place a lot more value than most other car brands on that one.
If you compare Air Conditioners in vehicles, just that one thing, Toyota uses the best, most gentle non irritating AC motors, other makes blow too cold, too hard, and you can't stand them for long. But I find everything about Toyota is very valuable, because they are made with a lot of thought.
I disagree, some brands ARE much better than others.

 

[sushi]

Why?
Idk, to me, just thinking about the Toyota brand - I place a lot more value than most other car brands on that one.
If you compare Air Conditioners in vehicles, just that one thing, Toyota uses the best, most gentle non irritating AC motors, other makes blow too cold, too hard, and you can't stand them for long. But I find everything about Toyota is very valuable, because they are made with a lot of thought.
I disagree, some brands ARE much better than others.

you are right

but alot of money is wasted on market differentiation than on improving product quality.

it could just be car from japan, whats the difference between a toyota car or other car brand from japan? or air conditioner. they could just label it as made in japan.

like pepsi and coke, they taste almost 70% or 80% the same. or one type of beer brand and another type of beer.

 

[sushi]

there is tangible and intangible value, so i guess you are sort of right @Bluehalite

 

[Bluehalite]

I hadn't thought about whether Japan has higher quality AC motors, sure thats possible.

Ok, yes, and also Adam Smiths Invisible Hand of Competition means when more businesses compete, out of their own self interest, they try to improve the quality of their products against whats already out there, which creates more value/quality usually on the market. We tend to buy the newer better version, and not buy the older version. It forces improvements, or at least that the idea. Of course, both price and quality affect what a consumer can afford. Example: recipe books have gotten much better and more diverse since the 1940s, more cultures are sharing their recipes, more people are experimenting in test kitchens because good recipes will sell the cookbook, and people are more picky about food quality/taste.

 

[kuoka]

like pepsi and coke, they taste almost 70% or 80% the same. or one type of beer brand and another type of beer.

There is no 80% similar with taste. It's either the exact taste one likes or not.

If I brew a green tea from a tea bag it will be completely different than a loose leaf Kagoshima tea from Japan or Sichuan tea from China. You can literally tell 2 teas apart just by one being grown in a different place or being in the shade one week longer than the other. The taste will be different and often significantly so.

Imo with certain products there is no argument to be made that the value is made up, because the value is in the unique taste and quality, even if the chemical composition is 70% the same. With loose leaf tea you can expect several material benefits besides taste like less microplastics and pollutants in your tea and being able to brew the loose leaf tea multiple times and retaining its flavor compared to tea bags being one use.

To me pepsi tastes different from coke, it's not a matter of 80%, it's either I want this taste or that taste.


There is of course disparity between perceived product value and real manufacturing cost. That's where the sale mark up on luxury products lets brands like Gucci sell overpriced T-shirts for 100x they cost to make. Luxury products are detached from the utility they provide, or rather the value lies in projecting status by having visible expensive brands attached to the person.

 

[sushi]

its about converting resources to buying value and utility value.


what is buying value, i dont know