Definitions for economic value
eco·nom·ic val·ue

Princeton's WordNetRate this definition:0.0 / 0 votes

1. value, economic valuenoun

   the amount (of money or goods or services) that is considered to be a fair equivalent for something else

   "he tried to estimate the value of the produce at normal prices"

WikipediaRate this definition:0.0 / 0 votes

1. economic value

   In economics, economic value is a measure of the benefit provided by a good or service to an economic agent. It is generally measured through units of currency, and the interpretation is therefore "what is the maximum amount of money a specific actor is willing and able to pay for the good or service"? Among the competing schools of economic theory there are differing theories of value. Economic value is not the same as market price, nor is economic value the same thing as market value. If a consumer is willing to buy a good, it implies that the customer places a higher value on the good than the market price. The difference between the value to the consumer and the market price is called "consumer surplus". It is easy to see situations where the actual value is considerably larger than the market price: purchase of drinking water is one example.

ChatGPTRate this definition:0.0 / 0 votes

1. economic value

   Economic value is the worth of a good or service determined by the market, based on the demand and supply, and people's willingness and ability to pay for it. It can also refer to the monetary benefit derived from a certain course of action in a given economic context. Economic value is not static, but shifts over time due to a variety of factors.

Matched Categories

1. • Measure

How to pronounce economic value?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say economic value in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of economic value in Chaldean Numerology is: 2

2. Pythagorean Numerology

   The numerical value of economic value in Pythagorean Numerology is: 3

Examples of economic value in a Sentence

1. Naoko Ishii:

   My next target is how to put economic value to this natural capital and how to link it up to the international institutions, capital markets.

2. Robin Naidoo:

   Even with the multibillion dollar value, this is a vast underestimate of the total economic value of these parks, as it does not account for the myriad ecosystem services that they collectively provide.

3. Intelsat Chief Executive Stephen Spengler:

   Having the ability to add five years or more on any particular satellite … provides an enormous amount of fleet flexibility. The economic value of this is to enhance the revenue stream over longer periods.

4. Antonio Varoneis:

   In the '90s it was said there is nothing to do for these kids.I remember them well. ... They had trouble moving and breathing ... swallowing.But they had the capacity to look at you, to smile at you, to communicate.How could you do nothing for these kids?We can't talk about life having an economic value.

5. Bernard Chan:

   Arguably, opening to China will bring in far more economic value.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=economic value
2. ^ Wikipedia
   https://en.wikipedia.org/wiki/Economic_Value
3. ^ ChatGPT
   https://chat.openai.com