to kill a mocking bird Essay

the market value of all goods and services produced within a country in a given period of time.

Standard of Value-- This function of walnuts provides a common measurement of the relative value of goods and services. Without walnuts how would governments collect taxes?

Valuation is the estimation of an asset’s value, whether real or financial, based on variables perceived to be related to future investment returns, on comparison with similar assets, or, when relevant, on estimates of immediate liquidation proceeds (Pinto, Henry, Robinson, Stowe; 2010).

Value is the customer's perception of all of the benefits of a product or service weighed against all the costs of acquiring and consuming it. The mileage of a car would be considered as a(n):

The Henry George institute defines wealth as the value of all material goods that are produced by labor and the exchange value of those goods within the economy. Macroeconomic wealth fluctuates with unemployment, inflation and general

Value. What it? What does it mean to people? And more importantly how do you get it? These seem to be the questions that everyone is trying to explain except that there really doesn’t seem to be a one true answer. The definition of value in general seems to be agreed upon, that it is: “the worth of the economic, technical, service, and social benefits a customer firm receives in exchange for the price it pays for a market offering” (Anderson et al, 1993). Is Value something the custom creates or co-created? Is it something that is generated through the production process, through a value-chain? Is value a number that can only be determined through achieving specific goals? If so what even are these goals? Will there ever be a one true definition or meaning for value? Value and its importance seem to depend on which way you’re looking at it, are you the buyer or the seller, is your value co-created or not? What are your value focused capabilities? All these questions are trying to be answered in an area which is densely filled with different opinions, so is there a right or wrong answer?

Value Management is concerned with improving and maintaining an advantageous balance between the wants and needs of associated stakeholders, and the resources needed to satisfy them (IVM, 2015). Value is a concept that is personal to some extent and corporate in another respects. Thus, it is crucial to identify the stakeholders involved in the project in order to determine their requirements, this will then determine the subsequent level of value rooted in the process, product or object (Perera, 2012). Value Management can be viewed differently by different parties, it may be described as "a structured, analytical process for developing innovative, holistic solutions to complex problems" (TAM 2004), or “a fair return or equivalent in goods, services, or money for something exchanged" (Save International, 2007)

Value is created as goods move along the chain; at each stop value must be added for the consumer to be willing to pay the price. Value can include packaging, cleaning labeling but also through auctioneers and wholesalers. (Sturgeon, 2001)

Economist decomposed the total economic value by categorising resources into three components: use value, option value, and nonuse value. Use value reflects the direct use of the support an example is trees from a forest. Pollution can cause a loss of use value when air pollution increases. Option value reflects the value people place on the future use of the environment; the willingness to preserve an option to use the environment in the future though it is currently not utilised. Nonuse value reflects the observation that people are more willing to pay (WTP) for improving/preserving resources that they will never use. A true nonuse value is called existence value. An example would be the protest of dams due to the potential loss of the resource. The amount does not derive from direct use or possible use,

Value concerns the measure of cash that clients must pay with a specific end goal to buy your items. There are various contemplations in connection to value including value setting, marking down, acknowledge and money buys and in addition credit accumulation.

(GDP). GDP is defined as the total market value of all final goods and services, produced within

The concept of value for money includes both qualitative and quantitative aspects. In addition, it typically involves an element of judgment on the part of a government. There is no precise indicator to measure value for money. Value for money can broadly be defined as what a government judges to be an optimal combination of quantity, quality, features and price (i.e. cost), expected (sometimes, but not always, calculated) over the whole of the project’s lifetime.

4. “Value is made up of cost and quantity”. An economy can increase the value of its GDP either by multiplying the cost that will be paid (e.g. by raising quality) for its goods and services, or by incremental the amount of goods or services that it produces.

(ii) Measurement of value; The value of various goods and services are expressed in terms of money such as $10 per meter, etc. having facilitated modern business and trade.

Value creation is a very crucial concept in business. Entrepreneurs are continuously putting a lot of effort to create sustainable value. Business is all about creating sustainable value. Different subjects: marketing management, operation management, finance and economics aim at creating value in their respective domain. These subjects look at value from their own school of thought but more or less when it is to be quantified for decision making, we talk about net present value. Few ways to define value are as below [22-24]