economic value

Noun

Meaning

the amount (of money or goods or services) that is considered to be a fair equivalent for something else

Synonyms

Hypernyms

Hyponyms

Examples

Economic growth springs from better recipes, not just from more cooking. New recipes produce fewer unpleasant side effects and generate more economic value per unit of raw material. Paul Romer

We took special pride in the fact that climbing rocks and icefalls had no economic value in society...We were like a wild species living in the edges of an ecosystem - adaptable, resilient and tough. Yvon Chouinard

he tried to estimate the value of the produce at normal prices Source: Internet

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