ECONOMIC VALUE

Pronunciation (US):

 Dictionary entry overview: What does economic value mean? 

• ECONOMIC VALUE (noun)
  The noun ECONOMIC VALUE has 1 sense:

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

  Familiarity information: ECONOMIC VALUE used as a noun is very rare.

 Dictionary entry details 

• ECONOMIC VALUE (noun)

Meaning:

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

Classified under:

Nouns denoting possession and transfer of possession

Synonyms:

economic value; value

Context example:

he tried to estimate the value of the produce at normal prices

Hypernyms ("economic value" is a kind of...):

amount; measure; quantity (how much there is 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)