Value refers to the worth or usefulness that something holds for individuals or organizations. It is subjective and can vary from person to person, or business to business, or from one context to another. Value can be seen as the benefits or advantages that something provides compared to the cost or effort required to obtain it.
Value is not solely determined by an item or service’s physical or intrinsic characteristics but also by the perception and preferences of the individuals or entities who possess or desire it. It is often influenced by personal needs, desires, emotions, cultural influences, social norms, and market conditions.
