what does it mean when something has an extrinsic value? What is an example of an item having extrinsic value?

Extrinsic values are those things that are not necessary to sustain life.

Examples are; Bikes, cars, clothes etc.

Explanation:

Extrinsic values are those things that are not necessary to sustain life but are just needed to keep up. It could also be a portion of worth that has been assigned to an item.

Extrinsic values are always from the outside.

Examples include;

Working in a job just for the money and/or the health benefits Standing for public office to build your personal profile. Activity on social networks to enhance your own social standing.