Value Flashcards
1
Q
What are 4 essential elements of value?
A
Demand, Utility, Scarcity, and Transferability. (Acronym: STUD)
2
Q
What is demand?
A
Does anybody want it?
3
Q
What is scarcity?
A
How much of there is it?
4
Q
What is tranferability?
A
Can I sell it?
5
Q
What is untility?
A
Can it be used?
