According to sociologists Joe Feagin and Robert Parker, is the utility of space, land, and buildings for everyday life, family life, and neighborhood life. According to sociologists Joe Feagin and Robert Parker, is the utility of space, land, and buildings for everyday life, family life, and neighborhood life.

Use value.

Explanation:

According to sociologists, Joe Feagin and Robert Parker (1990), use value is the utility of space, land, and buildings for everyday life, family life, and neighborhood life.

These notable sociologists posits that in political economy models of urban growth, there are two main features;

1. Urban growth pattern is affected by economic and political factors, which eventually cause urban growth to decline: this factors include workers, land, capital investments, government policies, property rights etc.

2. Urban space comprises of both exchange and use value: this ultimately implies that land has purposes with respect to the choice made by various individuals in the low or middle classes in a society. They argued, use value of land is to make profit and not necessarily to add value or benefit the society.

this is an outline for the decisions that frankie is going to make

opportunity cost

willingness to buy

price or quality

of course, there could be many economic strategies that should be considered important while making decision. opportunity cost is the foremost significant factor while considering any economic option. when you buy something, you should know how much you are forgoing for this product. indeed, you could buy something different with this measure if you changed your mind. willingness to buy shows how much surplus you are earning while making a decision. it is important because it shows you buy what you want or you buy because you have only limited amount of money. the price or quality can be considered as a general economic option that we are applying while buying something. when you buy something, price or quality could be one of the options. indeed, they define the characteristics of the product.    

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