Description
Value is a fundamental economic concept that underpins all economic activity, from production and consumption to pricing. Yet, it is also subjective, varying from person to person based on individual preferences. This subjectivity makes it difficult to measure, but various methods exist, including market price, cost of production, and consumer willingness to pay.
The book delves into the different types of value, including use value, exchange value, and subjective value. It also discusses the factors that influence value, such as supply and demand, utility, scarcity, and cost of production. Furthermore, it explores the role of value in microeconomics and macroeconomics, international trade, public policy, and business.
The book also examines the challenges to value, including inflation, deflation, market manipulation, economic bubbles, and environmental degradation. It concludes by considering the future of value, including the changing nature of value, the impact of technology, the role of ethics, the importance of sustainability, and the quest for a more just and equitable world.
**The Forgotten Value** is an essential read for anyone interested in economics, finance, business, or public policy. It provides a comprehensive and thought-provoking exploration of a fundamental concept that shapes our world.
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Language : English
Dimensions : 6 x 9 inches
Pages : 171 pages
Pasquale De Marco stands as a prolific author whose literary prowess knows no bounds. With a passion for storytelling that transcends genres, he has made a name for himself as a versatile writer with the extraordinary ability to captivate readers across diverse literary landscapes. His journey as an author is marked by an insatiable curiosity, a love for the written word, and a relentless commitment to sharing knowledge and experiences with the world.
Pasquale De Marco collaborates with a dedicated team of ghostreaders who assist him in evaluating and editing the manuscripts. His collaborators are not only skilled professionals but also avid readers who purchase and read books as a personal hobby. This unique blend of creativity allows Pasquale to push the boundaries of traditional publishing, making literature more accessible and diverse.
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