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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 [tau] value of 0.11 with a probability value of 0.16 (0.11/0.16) shows a weak positive correlation between the auditory preference and whether the student "liked" lecture.
The market capitalization of the average company on the New York Stock Exchange is five times the value of the book assets.
We have been developing character by teaching a set of core values. Now we need to help the rest of the world to understand that adults need to teach and demonstrate these values to children and youth.
Values in and of themselves do not dictate preferences for particular institutional structures at any level of detail, the paper suggests.
(4) If the expected value [X.sub.1] were equal to the value Y of the measurand, then according to the ISO Guide, the interval [[x.sub.1] [+ or -] 2u([x.sub.1])] would represent an approximate range of the plausible values of Y.
Secondary violence prevention might include anti-bullying curriculum, developing student codes of respect, conducting character education lessons in classrooms to develop common values, working with teachers to develop student expression of values and beliefs through journaling, and initiating specific conflict resolution and violence prevention programs.
As indicated above, the reliability of the valuations and the transparency of the methods and inputs used to calculate the values are critically important.
Buildings are carriers of civic, cultural and religious values, so Marx's theory of value does not cover all aspects of value in architecture, but as a former Bolshevik (albeit a softened one), I find it intriguing.
It noted further that the stipulated facts did not evidence collusion or side deals between the parties as to the original gifts or the conversions of the dollar values into percentages in March 1996.
FAS 157 provides this new definition of fair value: "Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date."