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The Nature of Value

Chapter 2. The Nature of Value. Distinctions among the terms Price Market Cost Value Market Value Use Value Investment Value Going Concern Value Assessed Value. Factors of Value Utility Scarcity Desire Effective Purchasing Power. Supply and Demand.

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The Nature of Value

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  1. Chapter 2 The Nature of Value

  2. Distinctions among the terms • Price • Market • Cost • Value • Market Value • Use Value • Investment Value • Going Concern Value • Assessed Value Chapter 2

  3. Factors of Value • Utility • Scarcity • Desire • Effective Purchasing Power Chapter 2

  4. Supply and Demand • Reading the market will necessitate reading the supply and demand factors. Chapter 2

  5. Practice Problems • Suggested solutions begin on page 365. Chapter 2

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