English Lexicon

Value-added

/ˈvæl.juːˌæd.ɪd/
adjectiveCEFR C1 (Advanced)Top #3400 frequency
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Comprehensive Definitions & Senses

2 senses
As adjective
  1. 1

    Having extra features or benefits added to a product or service that make it more desirable.

    "The company offers value-added services such as free installation and 24/7 technical support."
As noun
  1. 1

    The amount by which the value of an article is increased at each stage of its production, exclusive of the initial cost of materials.

    "Manufacturing creates a significant amount of value-added for the local economy."

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Linguistic Origin & Historical Etymology

The term combines 'value', derived from the Latin 'valere' (to be worth), and 'added', from the Germanic root 'addōn'. Originally emerging in economic theory during the mid-20th century, it describes the enhancement a company gives to its product or service before offering it to customers.

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