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LoginDo you believe that both (Resources having economic value and resources Don't having economic value) are important? Give reason.
Geography Primary School in Geography 1 year ago
tion:What Is Economic Value?Economic value can be described as a measure of the benefit from a GOOD or service to an economic agent. It is typically MEASURED in units of CURRENCY. Another interpretation is that economic value represents the MAXIMUM amount of money an agent is willing and able to pay for a good or service. The economic value should not be confused with market value, which is the minimum amount a consumer will pay for a good or service. Thus, economic value is often greater than the market value.
Posted on 30 Jul 2024, this text provides information on Geography related to Primary School in Geography. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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