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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 classic literature ?
Has a philosopher like you failed to discover that our country is more to be valued and higher and holier far than mother or father or any ancestor, and more to be regarded in the eyes of the gods and of men of understanding?
That was the way bourgeois society valued a man, and who was he to expect it otherwise?
My one wish is that you will still let me love you and value you, as I might have loved and valued a brother.
When the sum at which they were valued was named, he pointed to a figure of himself, saying to the Sculptor, "You will certainly want much more for this, as it is the statue of the Messenger of the Gods, and author of all your gain.
I traded for other things that boys valued and which they usually bought with money given them by their parents.
Pigeons were much valued by Akber Khan in India, about the year 1600; never less than 20,000 pigeons were taken with the court.
In regard to plants, there is another means of observing the accumulated effects of selection--namely, by comparing the diversity of flowers in the different varieties of the same species in the flower-garden; the diversity of leaves, pods, or tubers, or whatever part is valued, in the kitchen-garden, in comparison with the flowers of the same varieties; and the diversity of fruit of the same species in the orchard, in comparison with the leaves and flowers of the same set of varieties.
Livingstone shows how much good domestic breeds are valued by the negroes of the interior of Africa who have not associated with Europeans.
But as yet they will hardly have a distinct name, and from being only slightly valued, their history will be disregarded.
But probably the most important point of all, is, that the animal or plant should be so highly useful to man, or so much valued by him, that the closest attention should be paid to even the slightest deviation in the qualities or structure of each individual.
On the other hand, cats, from their nocturnal rambling habits, cannot be matched, and, although so much valued by women and children, we hardly ever see a distinct breed kept up; such breeds as we do sometimes see are almost always imported from some other country, often from islands.
McCord contributed equal and identical interests in assets valued at $12,294,384 ($6,147,192 each) to a Texas limited partnership (LP), McCord Interests, Ltd.