is one of the four essential characteristics that must be present for any product to have value. Transferability refers to the ability to transfer the unrestricted use or ownership of the product to another individual. Without this quality, there would be limited or no “exchange value” potential for the product.

The four essential characteristics or elements of value are: Demand, Utility, Scarcity, and Transferability – a useful tool to remember them is the acronym DUST.