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Aluminium tie pin and gold tie pin, both serve the purpose of keeping the tie in position, but the gold pin has significance due to:
  • a)
    exchange value
  • b)
    use value
  • c)
    esteem value
  • d)
    cost value
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Aluminium tie pin and gold tie pin, both serve the purpose of keeping ...
Esteem Value: The properties, features or attractiveness of an object makes its ownership desirable.
Use Value: The properties or qualities which accomplish a use, work or service.
Cost Value: The sum of labour, material and other cost required to produce the object (also called as Economic value).
Exchange Value: The properties or qualities of, an object that make it possible to exchange it for something else that one wants.
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Aluminium tie pin and gold tie pin, both serve the purpose of keeping ...

Significance of Gold Tie Pin

1. Esteem Value: Gold tie pins are often associated with luxury, wealth, and status. Wearing a gold tie pin can signify success and sophistication, which can enhance one's reputation in social or professional settings.

2. Sentimental Value: Gold is a precious metal that holds sentimental value for many people. A gold tie pin may be passed down through generations as a family heirloom, adding emotional significance to its use.

3. Status Symbol: In some cultures, wearing gold jewelry, including tie pins, is a symbol of social status and prestige. The use of a gold tie pin can help individuals stand out and make a statement about their position in society.

4. Craftsmanship: Gold tie pins are often intricately designed and crafted by skilled artisans. The craftsmanship and attention to detail that go into creating a gold tie pin contribute to its perceived value and desirability.

5. Luxury and Exclusivity: Gold is a rare and precious metal, making gold tie pins a symbol of luxury and exclusivity. Owning and wearing a gold tie pin can be seen as a mark of privilege and sophistication.

In conclusion, while both aluminium and gold tie pins serve the practical purpose of keeping a tie in place, the gold tie pin holds significance due to its esteem value, sentimental value, status symbol, craftsmanship, and associations with luxury and exclusivity.
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