economic value

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Related to Value (economics): Paradox of value
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Noun1.economic value - the amount (of money or goods or services) that is considered to be a fair equivalent for something elseeconomic value - the amount (of money or goods or services) that is considered to be a fair equivalent for something else; "he tried to estimate the value of the produce at normal prices"
quantity, measure, amount - how much there is or how many there are of something that you can quantify
mess of pottage - anything of trivial value; "Esau sold his birthright to Jacob for a mess of pottage"
premium - the amount that something in scarce supply is valued above its nominal value; "they paid a premium for access to water"