Value vs Price | Difference between Value and Price

Описание к видео Value vs Price | Difference between Value and Price

In this video, you are going to learn "The difference between value and price or value vs price".
In the world of economics and commerce, two terms frequently come up in discussions about goods and services: value and price. Though often used interchangeably in casual conversation, these concepts represent fundamentally different ideas. Understanding the distinction between value and price is crucial for consumers, businesses, and economists alike.

Topics I have covered in this video are:
1. Defining Value / What is value?
2. Defining Price / What is price?
3. Key Differences Between Value and Price.
4. Conclusion.

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