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 ?
The land has been stolen from me, it's now valueless - it's not worth a penny.
It concludes that while there are some excellent vocational courses, far too many young people are following vocational courses that "are demonstrably valueless in the labour market".
The thief got a few pounds, some pieces of jewellery and a host of things valueless to anyone but me.
not reject diplomacy but politics can be valueless unless backed by the
We have done dialogues thrice with the local Taliban but unfortunately every time they were valueless he added.
He added that Iran will make every effort to keep the valueless cylinder extremely safe when it arrives in the country.
Public Protection portfolio holder Graham Brown said: "These gangs use intimidating tactics; banking on the idea that if they have started work, then householders will let them complete it, then charge them extortionate rates for valueless work.
For people in or entering the intelligence profession, Perry (ethics, Davidson College, North Carolina) charts a path between the extremes of moral certainty and valueless shades of ambiguity as he suggests approaches to some of the more spectacular outrages that US government officials have been caught perpetrating of late.
Failure to obtain these rights has the potential to render your award valueless.
Nietzsche wrongly thought that when the authority of religion is overthrown, a nihilistic view is inevitable, namely, that the world is valueless, purposeless and amounts to nothing.
The price tag is giving a value to what people see as valueless.
It is giving a value to what people see as valueless and these ducklings are precious little animals.