- verb to consider something as being valuable
- noun the amount of money which something is worth
- The utility of an object or service or its worth consisting of the power of purchasing other objects or services.
- A numerical quantity or magnitude which is attained, calculated, assigned, or the like. Also, any given number, quantity, or magnitude.
- In the Munsell system, the attribute of color that corresponds to the lightness of an object.
- (written as Value)In economics, value in use is usually taken as the maximum amount that an individual or group is willing to pay for a particular good or service rather than go without it. Marginal value is the value of marginal benefit: the maximum amount an individual is willing to pay for an in crement of benefit. Value in exchange is a term sometimes used to describe the market value of traded goods or services. The difference between value in use and value in exchange is consumer's surplus.
- noun what an item is worth, how much money it would cost if it were to be sold
- noun the ‘worth’ of an idea, belief, way of behaving etc. to a person or society
- noun the degree to which something is useful or necessary
- noun a number or amount that is unknown and is shown as a symbol
- plural noun the views someone has about the appropiate way to behave
- noun an amount expressed in money or another medium of exchange that is thought to be a fair exchange for something
- noun the worth, importance or usefulness of something to someone
- verb to estimate or determine the value of something such as a property
Origin & History of “value”
To have value is etymologically to be ‘strong’ or ‘effective’, and hence to have ‘worth’. The word was borrowed from Old French value, a noun use of the feminine past participle of valoir ‘be worth’. this was descended from Latin valēre ‘be strong, be of value’, which also produced English avail (13th c.), available (15th c.) (which originally meant ‘advantageous’, and was not used for ‘accessible for use’ until as recently as the 19th century), convalesce (15th c.), valency (19th c.), valiant (14th c.), valid, and valour (14th c.).