What is another word for economic value?

Pronunciation: [ˌiːkənˈɒmɪk vˈaljuː] (IPA)

Economic value is a term frequently used in business and commerce, however, it is not the only term to describe the financial worth and significance of a product or service. There are many synonyms for economic value, including market value, cost-benefit, return on investment, profitability, and utility. Market value refers to the price that the market is willing to pay for a product or service. Cost-benefit analysis involves weighing up the benefits of a product or service against the costs associated with creating it. Return on investment is the profit that is generated from investing in a particular product or service. Profitability is the overall profitability of a business, while utility refers to the usefulness or satisfaction that a product or service provides to customers.

Synonyms for Economic value:

What are the hypernyms for Economic value?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

What are the hyponyms for Economic value?

Hyponyms are more specific words categorized under a broader term, known as a hypernym.

Famous quotes with Economic value

  • One basic weakness in a conservation system based wholly on economic motives is that most members of the land community have no economic value. Wildflowers and songbirds are examples. Of the 22,000 higher plants and animals native to Wisconsin, it is doubtful whether more than 5 per cent can be sold, fed, eaten, or otherwise put to economic use. Yet these creatures are members of the biotic community, and if (as I believe) its stability depends on its integrity, they are entitled to continuance.
    Aldo Leopold

Word of the Day

AQK