No, I’m kinda saying the opposite. Eg air has intrinsic value because of its properties, scarce or not, wanted or not.
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you can't separate value from how hard something is to acquire. that makes no sense. and yes it can be situational. a man dying of thirst might trade a gold bar for a bottle of water. but generally speaking that quantity of water has almost no value. the stuff is everywhere on the planet in mind breaking quantities.