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 ?
LV volumes in the two groups were decreased significantly and became closer to normal values.
Many patients had a normal value of single hormone in one phase but a deranged value of the same hormone in another phase while many other patients had deranged values in two or more phases at the same time.
3] Leukocytes 11,600 10,700 Neutrophils 3,308 3,531 Lymphocytes 7,794 6,955 Monocytes 498 214 Parameter Normal value Erythrocytes 5 - 10 x [10.
Mean differences between the otitis media and control groups were assessed by the Student's t test for independent groups; the Student's t test was also used to compare the mean values of the otitis media group with normal values.
The fever subsided on the second day of the treatment and the liver function tests started to return to normal values.
5 standard deviations below normal values have osteoporosis.
Joint swelling, pain, and morning stiffness were substantially decreased in every patient within 2 weeks of treatment, and erythrocyte sedimentation rates as well as plasma levels of C-reactive protein and hemoglobin returned to near normal values within 6 weeks.
We hope our results encourage individuals with Type 1 diabetes to keep their HbA1 measurements within 2% of normal values.
The book is organized into 19 chapters, an appendix on normal values, calculations, and equations, and an index.
There are no normal values or standardized laboratory tests for PCBs.
If China is treated as having a Market Economy Status then the cost and prices of the Chinese Producers would have to be accepted across board, for determination of the normal values and dumping margins.