What does value (economics) mean?
Definitions for value (economics)
value (eco·nomics)
This dictionary definitions page includes all the possible meanings, example usage and translations of the word value (economics).
Did you actually mean valuelessness or vulcanise?
Wikipedia
Value (economics)
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.
Numerology
Chaldean Numerology
The numerical value of value (economics) in Chaldean Numerology is: 5
Pythagorean Numerology
The numerical value of value (economics) in Pythagorean Numerology is: 4
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"value (economics)." Definitions.net. STANDS4 LLC, 2024. Web. 27 Apr. 2024. <https://www.definitions.net/definition/value+%28economics%29>.
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