Question

What are Economic and Aesthetic Value?

Answer 1

Answer:

Aesthetic value refers to the value which is generally based on the appearance or beauty of the object or commodity and the emotional response associated with it. ... Economic value, on the other hand, refers to the value which is associated with the benefit of the object or commodity, its price, profit etc.

Explanation:

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Answer 2

Answer:

economic value

Economic value is a measure of the benefit provided by a good or service to an economic agent. ... 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".

Explanation:

aesthetic value

Aesthetic value Synonyms Aesthetic Merit, Aesthetic Quality, Artistic Value, Beauty Definition Aesthetic value is the value that an object, event or state of affairs (most paradigmatically an art work or the natural environment) possesses in virtue of its capacity to elicit pleasure (positive value) or displeasure