_________ is the monetary value of resources, like material, labour and overheads, used in the making of a product or delivery of a service.
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Economic value.. Is the monetary value of resources
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Economic value is the monetary value of resources, like material, labour and overheads, used in the making of a product or delivery of a service.
Explanation:
- Economic value seems to be an average quantity of funds the seller pays for a product as well as benefits. This value of an item increases as either the quality of goods of similar or complementary products increases.
- Through the use of economical equations to measure a corporation allows stakeholders to assess the significant physical worth of such a firm.
- Economic value is the amount the buyer is willing to pay for the goods and is usually higher than market value.
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_________ is the monetary value of resources, like material, labour and overheads, used in the making of a product or delivery of a service.
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