economic value
5
3.3
- noun
- /ˌiːkəˈnɑːmɪk ˈvæljuː/
- Specialized
- Their findings also suggest that the market places a higher economic value on the skills represented by manufacturing credentials.
- economic value of the services
- estimate the economic value
- economic value of ecosystems
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Watch on YouTubeMaybe fire has a positive economic value if we know how to measure it.
- Maybe fire has a positive economic value if we know how to measure it.
- Oil was becoming more and more of military and of civil economic value.
- And it's, and it depends again who's saying it is a serious questioning of the economic value of water.
- With a few bytes of data, you could move a billion dollars worth of economic value from here to China and move it safely and reliably.
- That's the habit we got into in this country instead of looking at values, you know, real economic value at profit and loss at return.
Examples
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For, oil revenue in turn represents economic value to Western firms, especially American and British banking institutions.
Academic text (1994) -
The Arctic is a region of both proven economic value and untapped potential.
Academic text (1992) -
Maybe fire has a positive economic value if we know how to measure it.
-
But this gives you the sense of the power of and the value, the economic value of data, machine learning and the like.
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Obviously, ideas have value, but they have very little economic value until somebody does something with them.
Academic text (1990) -
Thus, the IS clearly provides economic value to the users, proportional to the extent it improves their decisions.
Academic text (2001) -
New food products and markets are needed to increase the economic value of the menhaden resource.
Academic text (1991) -
The blue shark, for example, is an abundant species, and because of its low economic value, many are released.
Academic text (1998) -
The taxes they collect from local transporters ensure that the full economic value of fuelwood is reflected in its price.
Academic text (1999) -
As soon as electric lighting proved its economic value, it was adopted by industry.
Synonyms
∞
1.3
How much something is worth in money or how useful it is
485
1.4
An amount equal to a stated sum like five dollars
7
3.3
How much money something is worth
Antonyms
How Valuable
74
4.3
40
2.8
- Specialized
5
3.3
- Specialized
4
4.7
- Specialized
1
6.3
Surface Forms
Morphology
The meaning 'the monetary or market worth of something' is directly and predictably derived from combining 'economic' (relating to the economy, money, or markets) with 'value' (worth). This is a straightforward compositional noun phrase found across languages and follows normal English modifier+noun semantics, so a B1 learner who knows both constituents will readily understand it.
Etymology
Economic value comes from the simple idea of putting a money 'price' on something. Think of a shop where each item has a tag: economic means money and value is how much it is worth, so the phrase means the money, goods, or services seen as a fair 'worth' when things are bought, sold, or compared.