value

(redirected from valuable)
Also found in: Dictionary, Thesaurus, Medical, Legal, Encyclopedia, Wikipedia.

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 classic literature ?
The remainder may perhaps be applied to purposes equally valuable hereafter, or not impossibly may be worked up, so far as they go, into a regular history of Salem, should my veneration for the natal soil ever impel me to so pious a task.
Yet, compared with the cheap professions of most reformers, and the still cheaper wisdom an eloquence of politicians in general, his are almost the only sensible and valuable words, and we thank Heaven for him.
Emma was not thinking of it at the moment, which made the information she received more valuable.
Vessels arriving directly from foreign countries, laden with valuable cargoes, would rarely choose to hazard themselves to the complicated and critical perils which would attend attempts to unlade prior to their coming into port.
Just as, with you, the deaf and dumb, if once allowed to gesticulate and to use the hand-alphabet, will never acquire the more difficult but far more valuable art of lipspeech and lip-reading, so it is with us as regards "Seeing" and "Feeling".
He seems to be a most conscientious and polite young man, upon my word, and I doubt not will prove a valuable acquaintance, especially if Lady Catherine should be so indulgent as to let him come to us again.
Damocles has seen the sword suspended by a hair over his head, and though a good man need not be made less valuable by such a knowledge, the feast shall not henceforth have the same flavour.
The friend of Marmaduke was his only child; and to this son, on his marriage with a lady to whom the father was particularly partial, the Major gave a complete conveyance of his whole estate, consisting of money in the funds, a town and country residence, sundry valuable farms in the old parts of the colony, and large tracts of wild land in the new—in this manner throwing himself upon the filial piety of his child for his own future maintenance.
Such a valuable quality made Mazarin think of replacing Joubert, his intendant, who had recently died, by M.
Hunt to join as a partner, and was considered by him, on account of his education and acquirements, and his experience in Indian trade, a valuable addition to the company.
It would have been a sad spectacle to see such an assortment of valuable articles tumbling into the sepulchre.
He saw that Adam had on his shoulder a mysterious box, which he took to contain something valuable.