Question

How the value of resource is measured?

Answer 1

Answer:

For resources traded in markets such as oil, land, timber, and crops, the value of small quantities of market goods can be measured by their observed price. In competitive markets, prices reflect both the marginal cost of producing the good to suppliers and the marginal value to consumers.

Answer 2

When you value something you considered as ve important and worthwhile . As a verb, it means "Holding something in high reward" but it can also mean " determine how much something is worth ",like a priced value at $200.