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A few people could easily coordinate to have one person ceeate food, another clothing and essentials, and another could create charged batteries or other energy producing objects. Hell, with a little planning you wouldn't even need to coordinate really.
At that point the world is basically post scarcity and anyone can do anything, kinda like star trek.
Assuming no limitations on what it can make we will also be at the stage of mutually assured destruction since everyone can make a mini nuke each day they don't need something else. This will either discourage violence or wipe out large areas of the planet depending on how fast the technology is distributed, as everyone getting it overnightbwill absolutely lead to a lot of damage in areas where conflict is happening. Not to mention oppressive governments trying to control the populations replicators.