Value equals the difference between what you get and what you have to give to get the product.

Name: Value equals the difference between what you get and what you have to give to get the product.
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

Quizplus · Accepted Answer

This statement defines the economic concept of value, which is the benefit a consumer receives in exchange for the cost or sacrifice required to acquire a product or service. The value is calculated by subtracting the cost from the benefit. Therefore, the statement is true.

Value Equals the Difference Between What You Get and What