Definition of Use value

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TeachMeFinance.com - explain Use value



Use value

The term 'Use value' as it applies to the area of reclamation can be defined as ' The economic benefit associated with the physical use of a resource, usually measured by the consumer surplus or net economic value associated with such use. The contingent value method is one technique used to estimate use value'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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