Economic value is a measure of the benefit that an economic actor can gain from either a good or service. 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"?
CITATION STYLE
Griffiths, M. R., & Lucas, J. R. (2016). Value Economics. Value Economics. Palgrave Macmillan UK. https://doi.org/10.1057/978-1-137-54187-1
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