Definitions from the Web
Economic Values
Description:
Economic values refer to the principles, beliefs, or judgments that individuals, organizations, or societies assign to goods and services based on their usefulness, importance, or worth in economic terms. These values are often influenced by various factors such as supply and demand, cost, utility, scarcity, and market conditions.
Sample Sentences:
Noun:
- The economic values of a nation play a crucial role in shaping its economic policies and development.
- Investors often consider the economic values of different industries before making investment decisions.
Adjective:
- Assessing the economic values of a product can help determine its market demand and pricing strategy.
- Companies need to adapt to changing economic values in order to stay competitive in the market.
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