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 ?
Normal Values for Interpupillary, Inner Canthal and Outer Canthal distances in Indian Population.
'Normal values for almost all tests at laboratories of these hospitals are different from the ones in public sector and leading labs like Sir Agha Khan, Shaukat Khanum and Chughtai's.
It should be kept in mind that the normal values do not always prevent occlusive complications.
REE was 1491 kcal/day, RQ was 0.82, and blood values were (Table 1) C-reactive protein (1.13mg/dl; normal values: <0.1mg/dl), fibrinogen (413mg/dl; normal values: 150-400 mg/dl), erythrocyte sedimentation rate (24mm/h; normal values: 0-20 mm/h), low-density lipoprotein (LDL) cholesterol (106 mg/dl; normal values: <100 mg/dl), insulin (20.9mcU/ml; normal values: 1.9-23.0mcU/ml), HOMA-IR index (4.64; normal values: 0.232.5), and high-density lipoprotein (HDL) cholesterol (47 mg/dl; normal values: >60 mg/dl).
The results were indicative of significant decrease in the levels of stable NO metabolites when compared with normal values (NO2 2.8[+ or -]0.22 [micro]mol/L and NO2+NO3 31.50[+ or -]3.05 [micro]mol/L) and those recorded in control group.
Briefly, the return to the baseline normal values in all renal parameters was considered normalization.
An advantage of this design is that there are no 'holes' in predicted set, as sometimes occurs when different authors are selected to provide normal values for children, adolescents, and adults.
In its final findings the Directorate General of Anti-dumping and Allied Duties (DGAD) has recently said USB flash drives (pen drives) have been exported from that country into the Indian market at prices less than their normal values. The application for the investigation was filed by Storage Media Products Manufacturers and Marketers Welfare Association on behalf of the domestic producers represented by Moser Baer India.
Rainfall in July would be a bit over the normal values, said Krasimir Stoev of the National Institute for Metorology and Hydrology.
Finally, it could be shown that low regulatory T-cell numbers in umbilical cord blood was an indication that children exposed to tobacco smoke were more likely to develop an allergy before the age of three compared to those children with normal values for miR-223 and Treg cells.
She includes equations and sample problems, clinical vignettes, practice questions, and abbreviations and normal values that are standard to the practice.