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economic value meaning and definition

Definition and meaning of economic value at MeaningMonkey.org. economic value meaning and definition in the English Dictionary.

ECONOMIC VALUE noun

Definition of economic value (noun)

  1. the amount (of money or goods or services) that is considered to be a fair equivalent for something else
    • "he tried to estimate the value of the produce at normal prices"
    • synonyms: value
Source: Princeton University Wordnet
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