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 ?
These two sets of findings, showing that 10 motivationally distinct value types are recognized across cultures, provide substantial support for both the content and structure postulates of the theory.
For all value types there was a moderate correlation with, at least, either the arrogant or the self-closed factor.
Comparable value types are in close proximity while competing ones are on opposing sides of the circle (Rice, 2005).
The first column presents the definitions and central goals of the motivational value types.
Adolescents from neglectful families scored lower in those value types than adolescents from authoritarian homes.
The Value type contains two kinds of values: plain--instances of Data and complex--instances of Res.
The vision and humanity values generally match the pan-cultural value types of benevolence, universalism, and serf-direction.
First, value discrepancy scores were created for each of the 11 value types by taking the absolute difference between participants' own profile means and the TP profile means.
It is shocking among family- value types but that is the group that is least likely to vote for Arnold Schwarzenegger regardless.
The ten value types are positioned on a circle, symbolizing that the pursuit of some values may be in conflict with others.
Other gender research has examined the differences in values and value types of accounting and other business majors (Giacomino and Akers, 1998), Big-Eight accountants (Akers and Giacomino, 2000) and certified internal auditors (Akers and Giacomino, 1999).