UV 101 - Part 1 - What is a product worth?

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Class I: What is a product worth?

Products have more then one value at any moment. The number of values a product has is its number of uses. We will address each use in turn.

1. Market Value (MV)

Any product can be placed on the market. What a product is worth on the market is what someone else will pay for it, minus the 10% market fee. Anticipating this is a fine art, and a lot of what Kapilands is all about. Some products are more difficult then others. To illustrate this and provide examples of a way to make this judgment, we will look at steel Q0, coal Q0, and apples Q1.

A. A Staple Commodity: Steel Q0