What is Value_____!?
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In 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"?
- the regard that something is held to deserve; the importance, worth, or usefulness of something.
- principles or standards of behaviour; one's judgement of what is important in life.
- estimate the monetary worth of.
- consider (someone or something) to be important or beneficial; have a high opinion of.
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