What are Economic and Aesthetic Value?
Answers
Hi,
Economic value: Economic value is a measure of the benefit provided by a good or service to an economic agent. It is generally measured relative to units of currency, and the interpretation is therefore "what is the maximum amount of money a specific actor is willing and able to pay for the good or service"?
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
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~Azzy
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.