Social Sciences, asked by srnikam, 9 months ago

Give one example of economic value.

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Answered by madhurimanath10

Answer:

if an agent decides to buy a bag of apples, the economic value is the amount the agent is willing to pay for those apples bearing in mind that the money could be spent on something else. ... Economic value is also directly correlated to the value that any given market puts onto an item.

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