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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 ?
MOTORISTS are being reminded not to leave valuables in their cars.
The operation, codenamed Affliction, was launched last month to put the brakes on the theft of valuables, such as sat navs, from cars.
The upgraded website provides useful information on a wide array of subjects, such as existing incentive programs, current contracting opportunities, project updates and upcoming public meetings, and our hope is that it serves as a valuable tool for businesses in and out of New York City as well as anyone interested in economic development.
The sales experience, learning to market myself, working with people, the product knowledge and agronomic experience I gained--it has all been so valuable to me in my subsequent positions.
If they know it's valuable, why wouldn't they know how valuable it really is?
Ninetyfour percent indicated that hands-on experience was, at the least, "valuable," if not more than valuable.
While there is no magic formula, let's presume that most already know what makes them valuable, but they may not have recognized the value-inhibiting behaviors that are all too common and that masquerade as "business as usual.
Embedded in his company's system is a great deal of valuable information accumulated over the years, and it has "a pretty strong feedback loop," he said.
It is important to consider that while the value of an individual book might not be so high, the same book as part of a collection might be very valuable.
The goal is to uncover strategies for making each customer more valuable while ensuring a lasting, mutually beneficial relationship.
Great Flute Duos is a valuable contribution to the pedagogical repertoire for flutists.
These experiences are far more valuable and longer lasting than any attempt at educational manipulation.