| 单词 | value |
| 释义 | value 1) Value = price * quantity. For example, if between two years prices quadruple and quantities in the economy increase by 25 per cent, the money value of GDP rises to five times its former level. 2) A synonym for price. Valuables are goods which sell for high prices. A valuer is a professional who estimates what price goods would fetch if they were sold. The stock of a shop or firm is transferred from one proprietor to the next ‘at valuation’, that is for an amount set by a valuer. The labour theory of value attempted to explain the prices of goods by the amount of labour needed for their production. value added is the total value of a firm's output minus the value of inputs purchased from other firms. Value added is thus what is left to be divided between wages for its employees and profits for its owners. 3) A general term of praise. Value in this sense is a bit like price, but somehow more important, more permanent, and better. This usage is enshrined in the definition of a cynic as ‘one who knows the price of everything and the value of nothing’. Advertisers claim that their goods represent ‘value for money’; politicians claim the same for their policies. 4) The size of a variable or parameter. See modulus. See also: book value, break-up value, expected value, labour theory of value, option value, par value, present discounted value, redemption value, store of value, and surplus value |
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