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16 February, 03:09

How is the value of a good or service determined

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  1. 16 February, 05:55
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    By the customers

    Explanation:

    The value of a good can be determined by the amount that a customer is able to and can willingly pay in order to receive the good. the higher the amount the customer pays, the higher the value of the good. in mathematical terms, it is the ratio of the goods quality to its price.
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