Ad
related to: other ways to say statement of value definition
Search results
Results From The WOW.Com Content Network
In the reified perception of the political economists and the vulgar Marxists, products have value because they are expressible in money-prices, but Marx argues [202] that in reality it is just the other way round: because commodities have value, i.e. because they are all products with an average current replacement cost of social labour, [203 ...
Naturalists say that value is a natural property. Natural properties can be known through empirical observation and are studied by the natural sciences. This means that value is similar to other natural properties, like size and shape. Non-naturalists reject this view but agree that values are real. They say that values differ significantly ...
To put it another way, "a thing is good if it has all its descriptive properties." This means, according to Hartman, that the good thing has a name, that the name has a meaning defined by a set of properties, and that the thing possesses all of the properties in the set. A thing is bad if it does not fulfill its description.
In economics, economic value is a measure of the benefit provided by a good or service to an economic agent, and value for money represents an assessment of whether financial or other resources are being used effectively in order to secure such benefit.
Wherever logic is applied, especially in mathematical discussions, it has the same meaning as above: it is an abbreviation for if and only if, indicating that one statement is both necessary and sufficient for the other. This is an example of mathematical jargon (although, as noted above, if is more often used than iff in statements of definition).
The most popular TODAY show recipes in 2024 include Jennifer Garner's blackberry crumble, Donna Kelce's marshmallow dinner rolls and more.
The other functions are the medium of exchange, which is used as an intermediary to avoid the inconveniences of the coincidence of wants, and the unit of account, which allows the value of various goods, services, assets and liabilities to be rendered in multiples of the same unit.
Upgrade to a faster, more secure version of a supported browser. It's free and it only takes a few moments: