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In ethics, intrinsic value is a property of anything that is valuable on its own. Intrinsic value is in contrast to instrumental value (also known as extrinsic value), which is a property of anything that derives its value from a relation to another intrinsically valuable thing. [1]
In moral philosophy, instrumental and intrinsic value are the distinction between what is a means to an end and what is as an end in itself. [1] Things are deemed to have instrumental value (or extrinsic value [2]) if they help one achieve a particular end; intrinsic values, by contrast, are understood to be desirable in and of themselves.
The measurement of sales of popular music starts high relative to the wedding anniversary scale, concentrating on gold and platinum (see gold album).Likewise, credit card companies usually have a "gold card" and a "platinum card" (many formerly had a "silver card" then followed by a "gold card", but due to similarity in appearance between silver and platinum these were often discontinued with ...
At low levels of consumption, water has a much higher marginal utility than diamonds and thus is more valuable. People usually consume water at much higher levels than they do diamonds and thus the marginal utility and price of water are lower than that of diamonds.
The opposite of devaluation, a change in the exchange rate making the domestic currency more expensive, is called a revaluation. A monetary authority (e.g., a central bank ) maintains a fixed value of its currency by being ready to buy or sell foreign currency with the domestic currency at a stated rate; a devaluation is an indication that the ...
The opposite of Verstehen would seem to be ignorance of all but that which is immediately observable, meaning that we would not be able to understand any time and place but our own. A certain level of interpretive understanding is necessary for our own cultural setting, however, and it can easily be argued that even the full participant in a ...
The NFL dominates the list of the 50 most valuable sports franchises in the world, with 29 of the 32 teams earning their way onto Forbes' 2024 list.
Biocentrism (from Greek βίος bios, "life" and κέντρον kentron, "center"), in a political and ecological sense, as well as literally, is an ethical point of view that extends equal inherent value to all living things. [1]