name a product that has economic value .
Answers
Answer:
if a person has an apple, then the economic value of that apple is the benefit that they receive from their use of the apple. If they intend to eat the apple, then the economic value is the enjoyment and nutrition they expect to receive from eating the apple.
Economics products. goods and services that are useful, relatively scarce, and transferable to others. Goods. items that are economically useful or satisfies an economic want. Consumer goods.
Explanation:
Economic value is the measurement of the benefit derived from a good or service to an individual or a company. Economic value can also be the maximum price or amount of money that someone is willing to pay for a good or service. As a result, economic value can be higher than market value.