What is 'objective' value?

[*Deidre*]

Objective value is based on facts, not opinions. Food has value. Water has value. We need both to stay alive, we all can objectively agree on that. It's not anyone's opinion that we require water and food to stay alive, it is factually true. Subjective value is based on opinion. My iphone has subjective value...I find it valuable, but another person might not. Things that we think we need are usually based on subjective values, whereas things that we do factually need, are based on objective value. Just my take, anyways.