VALUE

noun. 1. the mathematical strength or amount of a variant. 2. a moral, social, or aesthetic standard accepted by a person or culture as a rule of what is good, favorable, or imperative. 3. the worth, usability, or significance given to something. 4. With regard to economics, the financial worth of a product or service.

VALUE: "The value of that painting is far below the price tag attached to it."
Cite this page: N., Pam M.S., "VALUE," in PsychologyDictionary.org, April 29, 2013, https://psychologydictionary.org/value/ (accessed October 16, 2019).
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