Definition, Meaning & Synonyms
equivalent-value
Noun
/ɪˈkwɪv.ə.lənt ˈvæl.juː/
Definition
The measure of worth or utility of one item in relation to another, often used in economics and finance to describe comparability.
Examples
- In trade, the equivalent value of goods is crucial for fair exchanges.
- Understanding equivalent value helps consumers make informed decisions.
Meaning
Equivalent value refers to the idea that two different items can have the same value or utility, allowing them to be exchanged on equal terms.
Synonyms
- Equal value
- Comparable worth
- Corresponding value
