value

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Value

A measure of worth. Value is generally expressed in monetary terms. For example, the value of a house may be $100,000. Generally, the value of a product depreciates over time, though it sometimes appreciates instead (notably in real estate). How easily one can sell a product for its value helps determine how liquid the product is.

value

the money worth of a PRODUCT or ASSET. Value is measured in terms of the PRICE which buyers are prepared to pay for the product or asset. The amount which they are prepared to pay depends upon the benefits which they expect to derive from consuming or owning the item. See PRICE-QUALITY TRADEOFF, PSYCHOLOGICAL PRICING, VALUE CREATED MODEL, CONSUMER SURPLUS.

value

the money worth of an ASSET or PRODUCT. Early economists such as Adam SMITH and David RICARDO suggested that the value of an asset or product depended upon the amount of LABOUR needed to produce it, while later economists like William JEVONS emphasized that the UTILITY of a product to a consumer determined its value. Nowadays, economists accept that both supply and demand factors are important in determining the value of a product, by establishing a MARKET PRICE for it. See also CONSUMERS’ SURPLUS, VALUE ADDED, PARADOX OF VALUE.

value

The worth of all rights arising from ownership of property.

References in periodicals archive ?
The increase in BV of diets by the incorporation of flaxseed flours is well supported by Ogunronbi (2007) who reported higher biological value of flaxseed flour, which supports the results of present study.
Human feeding trials carried out by some scientists have shown that the biological value of Mullsoy a brand of processed soyabean milk was 95 as compared with egg protein.
Nitrogen balance assay: The procedure described by Eggum (1973) was used to assess the effect of gum arabic and carrageenan (cellulose as a reference) on apparent protein digestibility (APD), apparent energy digestibility (AED) and apparent fat digestibility (AFD), metabolizable energy (ME), true protein digestibility (TPD), biological value (BV), net protein utilization (NPU).
The aim of this study was to evaluate the biological value of the giant grasshopper protein (as compared to soybeans or crayfish) as determined by measurement of growth rate, food efficiency ratio and serum amino acid level and also to assess the physiological effect of the high fibre content using serum cation levels as indices.
The biological value of beef proteins is higher than that of the proteins of goat or buffalo meat.
While the biological value of this ear sound is unknown, it is expected to be a valuable tool for studying the workings of the inner ear.
Sunday, June 4, 2006 General Poster Presentation -- "Circulating Tumor Cells (CTCs) in metastatic breast cancer: Biological value beyond tumor burden" presented by Massimo Cristofanilli, MD, 2:00 p.
Scientists are attempting to develop production and processing models that recognize the intrinsic biological value of food byproducts and sidestreams, which may contain these glycans.
True digestibility, net protein utilization, biological value, net protein ratio, protein efficiency ratio and feed efficiency ratio were calculated as described by (Pellet and Young, 1980).
If taken according to the principles of health and hygiene, red meat is rich in high biological value (HBV) protein.