Goods

Goods can be valued based on their utility, scarcity, and/or desirability.

Utility refers to the usefulness or satisfaction of owning and consuming a good.

Scarcity determines how hard it is to obtain a good, which can impact its value.

Desirability is influenced by factors such as fashion, trends, and personal preferences.

Figuring out what niche your offering is in can greatly influence its pricing and, ultimately, its acceptance among consumers.