what is economical value?
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1
Answer:
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Explanation:
economics, 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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Answered by
3
Economic value is the value that person places on an economic good based on
the benefit that they derive from the
good.
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