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What makes economic value? | What makes economic value? | ||
Is it money? Nope. Money is the representation of economic value and is meant as a placeholder for ''actual'' economic value that you've created ''elsewhere'' | Is it money? Nope. Money is the representation of economic value and is meant as a placeholder for ''actual'' economic value that you've created ''elsewhere''. | ||
So, then, is it work? It might be. Is your work valuable to someone else? Then, very likely it might make economic value. But different communities define value (noun) or ''value'' (verb) things differently. So, what might be economic value to one community (like cutting down a community tree to sell it to industry) might not be value to another group. | So, then, is it work? It might be. Is your work valuable to someone else? Then, very likely it might make economic value. But different communities define value (noun) or ''value'' (verb) things differently. So, what might be economic value to one community (like cutting down a community tree to sell it to industry) might not be value to another group. |