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 ?
Each asset had a "market" fundamental value in the range of $2 to $8, which was the same for each asset, and this fundamental value differed unpredictably each period.
This result seems to suggest that market prices for long-lived assets with constant fundamental values readily track their fundamentals, regardless of the cash that traders have at their disposal to make purchases.
On the migration issue, the members of the committee praise Turkey for hosting the largest refugee population in the world, and noted that it remains a "key strategic partner for the EU" but nonetheless called for progress on rule of law and fundamental values and "a more structured and frequent political dialogue, on key thematic issues".
Step 5: Using percentiles obtained in Step 4, we compute 99 percentiles of fundamental values of college degree and high school diploma for each survey year using Eqs.
Speaking during the meeting, Kylycdaroy-lu said Turkey has been going through a very important process, adding: "We are approaching an election in which the state's fundamental values, such as the supremacy of law, the independence of the judiciary, justice and equality, will also be voted on along with local administrations.
The practice seeks to enhance the physician/patient relationship and improve clinical outcomes by maintaining fundamental values of listening actively, providing patient centered care, and collaborating in treatment.
The treaty recognizes the fundamental values of nondiscrimination and equal access for people with disabilities in all areas of life.
The fundamental values in the market seem uncertain and this prompted the rating downgrade.
"No doubt that attention of authorities of the Islamic Republic of Iran and Russia to fundamental values of the two countries will pave the way for expansion of bilateral, regional and international relations in all domains," Rahimi said in a message.
It is a shame for the well-established media, which has good, decades-long track record, fundamental values, etc, established in their global clientele to become one among the new born media.
"The major themes which will be discussed in this Forum are at the heart of our concerns and our projects," he added, underlining that "democracy and freedom of speech are fundamental values in Morocco."
Basbug said, "democracy, individual freedoms, supremacy of law and independent organizations are the fundamental values of foundation agreement of NATO."

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