"Nothing can have value without being an object of utility"

Karl Marx's quote "Nothing can have value without being an item of utility" is a declaration about the nature of value. Marx believed that worth is derived from the effectiveness of a things or service. To put it simply, something can just be thought about important if it has a practical function or can be utilized to satisfy a requirement. This concept is central to Marx's economic theories, which highlight the value of labor in identifying the worth of a product. According to Marx, the quantity of labor needed to produce a commodity is what gives it its worth. For that reason, if something is not useful, it can not have any worth. This quote is a tip that the worth of something is identified by its utility, not by its expense or rarity.