Economic Value

Measure of the benefit provided by a good or service to an economic agent
trends
MayJuneJulyAugustSeptemberOctober0500
alias
value
Value (economics)
media
Wikipedia creation date
2/16/2006
Wikipedia incoming links count
Wikipedia opening text
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"? Among the competing schools of economic theory there are differing theories of value. Economic value is not the same as market price, nor is economic value the same thing as market value. 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". It is easy to see situations where the actual value is considerably larger than the market price: purchase of drinking water is one example.
Wikipedia redirect
Monetary value
Value for money
Economic value
Theory of value(economics)
Financial value
Wikipedia URL
BabelNet ID
Encyclopædia Britannica Online ID
Encyclopædia Universalis ID
Encyclopedia of Modern Ukraine ID
Freebase ID
GND ID
Great Russian Encyclopedia Online ID
JSTOR topic ID
Quora topic ID