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Economic value is a measure of the benefit provided by a good or service to an economic agent.

It
is generally measured relative to units of currency, and the interpretation is therefore "what is the
maximum amount of money a specific actor is willing and able to pay for the good or service"?
Among the competing schools of economic theory there are differing theories of value.
Economic value is not the same as market price, nor is economic value the same thing as market
value. If a consumer is willing to buy a good, it implies that the customer places a higher value on
the good than the market price. The difference between the value to the consumer and the market
price is called "consumer surplus"[1]. It is easy to see situations where the actual value is
considerably larger than the market price: purchase of drinking water is one example.

Aesthetics (/ɛsˈθɛtɪks, iːs-, æs-/) is a branch of philosophy that deals with the nature
of art, beauty and taste and with the creation or appreciation of beauty.[1]
In its more technical epistemological perspective, it is defined as the study of subjective and sensori-
emotional values, or sometimes called judgments of sentiment and taste.[2] Aesthetics studies how
artists imagine, create and perform works of art; how people use, enjoy, and criticize art; and what
happens in their minds when they look at paintings, listen to music, or read poetry, and understand
what they see and hear. It also studies how they feel about art—why they like some works and not
others, and how art can affect their moods, beliefs, and attitude toward life.[3] The phrase was coined
in English in the 18th century.
More broadly, scholars in the field define aesthetics as "critical reflection on art, culture
and nature".[4][5] In modern English, the term aesthetic can also refer to a set of principles underlying
the works of a particular art movement or theory: one speaks, for example, of the Cubist aesthetic.[6]

Association value is a concept in cognitive psychology and in particular the psychology of


human learning and memory. The association value of a stimulus is a measure of its
meaningfulness.

Value of Recreation - Leisure activities in parks improve moods, reduce stress and enhance a
sense of wellness. In an increasingly complex world, more and more people are placing a
high value on achieving the feelings of relaxation and peacefulness that contact with
nature, recreation and exposure to natural open spaces bring.

Intellectual value (some call it context) is also simply the presence of other people, often
specific ones, interacting casually or formally. ... Value and uniqueness interact in mysterious
ways. The intellectual value of context can't be replicated so easily over the Net.

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