Most Valuable Things in the World - What and How ?
Houses
- Antilia: The world's most expensive house, valued at $4.6 billion, is located in Mumbai, India. It was completed in 2010 and is owned by Mukesh Ambani.
Yachts
- History Supreme: This yacht is valued at $4.8 billion and is known for its gold plating and unique decor. It was designed by Stuart Hughes and launched in 2011.
Space telescopes
- Hubble Space Telescope: Valued at $16 billion, this telescope was launched in 1990 and has helped astronomers understand the universe.
The International Space Station
- The International Space Station is valued at $150 billion and is the most expensive thing ever created. It took 12 years to build and has hosted astronauts and visitors from 18 countries.
Antimatter
- Some say that antimatter could be the most expensive item in the world and could help with space travel and energy.
How
The preferences of a given person determine the economic value of a good or service and the trade-offs that they will be willing to make to obtain it.
For example, if a person has an apple, then the economic value of that apple is the benefit that they receive from their use of the apple.
Value is the worth of something, usually understood as a degree that covers both positive and negative magnitudes corresponding to the terms good and bad. Values influence many human endeavors related to emotion, decision-making, and action. Value theorists distinguish between intrinsic and instrumental value.
An entity has intrinsic value if it is good in itself, independent of external factors. An entity has instrumental value if it is useful as a means leading to other good things.
Some classifications focus on the type of benefit, including economic, moral, political, aesthetic, and religious values. Other categorizations include attributive, predicative, personal, impersonal, and agent-relative values.
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