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 ?
82) As a result, the DOC still designates China as an NME for antidumping purposes and still employs its NME methodology for determining normal value in antidumping proceedings involving imports from China.
The tool has proven that it can be used to determine normal values including the thickness and FA of the CC, as well as differential hemispheric white matter fibre volume at several locations.
Zeroing refers to the practice in which an investigating authority such as the Commerce Department makes multiple comparisons of the export price and normal value (i.
Of those who survived 3 months, stroke score improved in 54% with hyperglycemia and 79% with normal values.
Patients with systolic dysfunction demonstrate a low acceleration index and a low velocity index by ICG, while those with normal systolic function show normal values in both parameters.
Pediatric endocrinologists and other specialists from Europe and Australia discuss diagnostic methods and evaluate their clinical relevance, with normal values for hormonal parameters and test results and discussion of methodologic problems and recent techniques.
Laboratory testing showed normal values for electrolytes and creatinine, hematocrit, and leukocytes.
5 times normal values, primary biliary cirrhosis may be diagnosed with 55% accuracy if patients have aspartate transaminase levels that are more than 5 times the upper limit of normal.
Levels of serum alanine aminotransferase (ALT) - a measure of liver damage - also continued to decrease toward normal values throughout the study.
After a chapter on anatomy and normal development, he reviews various conditions, their signs and symptoms, features, differential diagnosis, imaging, and treatment guidelines and algorithms, as well as normal values and medications, common procedures, basic principles, technical skills, and standards of care.
Abnormal and normal values for diagnostic tests are added.