value
valueValue = price × quantity. For example, if between two years prices quadruple and quantities in the economy increase by 25 per cent, the money value of GDP rises to five times its former level.
A synonym for price. Valuables are goods which sell for high prices. A valuer is a professional who estimates what price goods would fetch if they were sold. The stock of a shop or firm is transferred from one proprietor to the next ‘at valuation’, that is for an amount set by a valuer. The labour theory of value attempted to explain the prices of goods by the amount of labour needed for their production. Value added is the total value of a firm's output minus the value of inputs purchased from other firms. Value added is thus what is left to be divided between wages for its employees and profits for its owners.
A general term of praise. Value in this sense is a bit like price, but somehow more important, more permanent, and...
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