economic value

USAGE SUMMARY

'economic value' is a correct and usable phrase in written English.
You can use it to refer to the monetary worth of something. For example, "The economic value of the property is estimated at $500,000."

✓ Grammatically correct

News & Media

Academia

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

58 human-written examples

*Enhanced economic value.

The New York Times - Sports

Creating social value increases economic value.

Independent

But the plants' economic value is huge.

The Economist

None is of particular economic value.

Encyclopedia Britannica

And does it create economic value?

The New Yorker

It doesn't give you economic value.

The New York Times

The fish are of considerable economic value.

Encyclopedia Britannica

It has economic value too.

The Guardian - Opinion

Considering social, environmental, and economic value simultaneously.

Harvard Business Review

Human-verified similar examples from authoritative sources

Similar Expressions

2 human-written examples

Both entries clearly demonstrated socio-economic value".

The Guardian

The Economic Value of Higher Teacher Quality.

Stanford University

Expert writing Tips

Best practice

When discussing "economic value", clearly define what factors contribute to that value in the specific context. For example, specify if you're referring to market price, inherent utility, or potential for future earnings.

Common error

Avoid using "economic value" as a vague term. Always specify what elements contribute to the value being discussed. Saying something has "economic value" without explaining why or how is not informative.

Linguistic Context

The phrase "economic value" functions primarily as a noun phrase, where the adjective "economic" modifies the noun "value". Ludwig AI confirms this is a standard, acceptable phrase. This makes it clear that it is generally used to designate the worth of something.

Expression frequency: Very common

Frequent in

News & Media

36%

Academia

33%

Formal & Business

13%

Less common in

Encyclopedias

6%

Wiki

5%

Science

2%

Ludwig's WRAP-UP

In summary, "economic value" is a commonly used phrase that refers to the monetary worth or benefit of something. As Ludwig AI confirms, the phrase is grammatically correct and widely accepted. It appears frequently in news, academic, and formal business contexts. While it's a broad term, it's important to define clearly the factors that contribute to the stated value. Consider alternatives like "financial worth" or "market value" for more specific meanings.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

financial worth

Focuses specifically on the monetary aspect of value.

monetary value

Similar to financial worth, emphasizing the monetary aspect.

market value

Refers to the value determined by market conditions.

fiscal worth

Highlights the value in terms of government or organizational finances.

pecuniary value

A more formal term for monetary worth.

commercial value

Emphasizes the value in a business or trade context.

profitable return

Focuses on the return or gain in terms of profit.

asset worth

Highlights the value of something as an asset.

valuation

A broad term referring to the process of determining value.

appraisal value

Value based on an official appraisal.

FAQs

How do you use "economic value" in a sentence?

You can use "economic value" to describe the worth of an asset, like "The "economic value" of the land has increased due to new developments." or in discussions about the benefits something provides, such as "The project will generate £42bn of "economic value".

What's the difference between "economic value" and "market value"?

"Economic value" is a broader concept encompassing the overall worth or benefit, while "market value" specifically refers to the price something can fetch in the market at a given time.

What can I say instead of "economic value"?

You can use alternatives like "financial worth", "monetary value", or "fiscal worth" depending on the context.

Is "economical value" the same as "economic value"?

No, "economic value" refers to the worth of something in economic terms, while "economical" refers to being efficient or thrifty with resources. Thus, "economical value" is not a standard or interchangeable phrase.