Significance of Economic value
Economic value encompasses various principles guiding financial decisions and resource allocation, as well as the material worth of items and services. In the context of health and agriculture, it includes financial assessments of individuals' abilities to access dental care, the significance of cash crops like chilli, and the importance of medicinal plants. Additionally, economic value is studied through its implications in healthcare, trade, and cost-effectiveness of treatments, highlighting its multifaceted role in society and industry.
Synonyms: Financial value, Economic significance, Market value, Economic benefit, Worth, Cost, Price, Monetary value, Commercial value
In Dutch: Economische waarde; In Finnish: Taloudellinen arvo; In Spanish: Valor econ贸mico
The below excerpts are indicatory and do represent direct quotations or translations. It is your responsibility to fact check each reference.
The concept of Economic value in local and regional sources
Economic value encompasses the material worth of goods and services, influencing the narrator's responsibilities and relationships, while also guiding societal financial decisions and resource distribution. It reflects both tangible and principled aspects of economics.
From: Triveni Journal
(1) Principles that guide financial decisions and resource allocation in society.[1] (2) The worth of items or services in a materialistic sense, referenced in the dialogue concerning the narrator's obligations and relationships.[2]
The concept of Economic value in scientific sources
Economic value encompasses the potential cost savings from homeopathic remedies and reflects the financial capabilities of individuals or communities to access dental care, influencing overall healthcare affordability and treatment decisions.
From: The Malaysian Journal of Medical Sciences
(1) The probable value of dengue management in Vietnam is significant, indicating the importance of understanding and addressing its financial implications.[3] (2) This is the worth of a treatment in terms of its cost-effectiveness, and is often measured using thresholds based on a country's GDP.[4] (3) Neurons in the orbitofrontal cortex encode economic value, according to the research information presented in the document.[5] (4) The financial worth of a product or service, in this case, referring to Centella asiatica as a medicinal plant.[6]