Value

In the UK context, "value" refers to the importance, worth, or usefulness of something. It can pertain to monetary worth, where it signifies the financial cost or market price of goods or services. Beyond economics, "value" encompasses ethical or moral dimensions, representing principles or beliefs that guide behaviour, such as honesty, integrity, and respect. It can also relate to the subjective assessment individuals or societies make about the significance or desirability of certain things, whether tangible or intangible, including experiences, relationships, and cultural norms. In essence, "value" is a multifaceted concept that captures both quantitative and qualitative aspects of worth in various contexts.