| Library / English Dictionary |
ECONOMIC VALUE
| Pronunciation (US): |  | (GB): | |
I. (noun)
Sense 1
Meaning:
The amount (of money or goods or services) that is considered to be a fair equivalent for something else
Example:
he tried to estimate the value of the produce at normal prices
Synonyms:
economic value; value
Classified under:
Nouns denoting possession and transfer of possession
Hypernyms ("economic value" is a kind of...):
amount; measure; quantity (how much there is or how many there are of something that you can quantify)
Hyponyms (each of the following is a kind of "economic value"):
mess of pottage (anything of trivial value)
premium (the amount that something in scarce supply is valued above its nominal value)
