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Value (economics)

In economics, economic value or simply value is a measure of the benefit provided by a good or service to an economic agent. Value for money represents an assessment of whether financial or other resources are being used effectively in order to secure such benefit. Economic value is generally measured through units of currency, and the interpretation is…

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Map overview Semantic statistics

Value (economics)

Nodes68
Edges67
Triples10
Avg. degree1.97
Density0.029412
Components1

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Value (economics)

Top relations

see also · 5
Value (economics) → Asset, Business, Store, Value, Value-formValue

Important terminology Word statistics

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Important terminology

value price theory economic market exchange labor good commodity economics money amount service use marx subjective theories consumer prices used

Entity relationships Subject–Predicate–Object triples

SubjectPredicateObjectConfidenceSrc
Ludwig von Mises asserted thatinstance ofEconomists0.80text
marginal utilityinstance ofMarginalism employs concepts0.80text
marginal rate of substitutioninstance ofMarginalism employs concepts0.80text
and opportunity costs to explain consumer preferencesinstance ofMarginalism employs concepts0.80text
priceinstance ofMarginalism employs concepts0.80text
Value (economics)see alsoBusiness0.60section
Value (economics)see alsoAsset0.60section
Value (economics)see alsoStore0.60section
Value (economics)see alsoValue0.60section
Value (economics)see alsoValue-formValue0.60section

Related concept clusters Concept neighborhoods

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    Min side: 3
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