Surely if you had a particular human society, in particular environmental conditions at a particular time, the value of a product, independently of its use could be measured in terms of the socially necessary quantity of oxygen that humans have to breathe in order to produce it???
(the value of a product; independently could be measured; in terms of the socially necessary quantity of oxygen) (oxygen; to breathe; humans)
the value of a product oxygen
independently could be measured to breathe
in terms of the socially necessary quantity of oxygen
humans