Social Sciences, asked by Jaatvibhor, 1 year ago

what do you understand by econonomic value

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Answered by jainmayank81

Answer:

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Answered by Smritipriya

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"?

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