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Started By
Message
Worth vs. value.
Posted on 8/25/16 at 3:13 pm
Posted on 8/25/16 at 3:13 pm
Will the linguists or financiers of the OT explain to me the difference?
Is one subjective, and the other objective?
Is one subjective, and the other objective?
5
Posted on 8/25/16 at 3:15 pm to Roman Candle Tag
Value is what its worth to you
Posted on 8/25/16 at 3:20 pm to Roman Candle Tag
Worth is how much you value something.
Posted on 8/25/16 at 3:22 pm to Roman Candle Tag
I've always taken it to be that worth is something you can count and is objective.
"That guy is an OT baller. He has a net worth in the tens of dollars."
Value is an intangible quality of something and subjective, though it can be related to worth.
"I bought this thing worth ten dollars for three bucks at a garage sale. What a value!"
"The value of OT weathermen is almost always low."
"That guy is an OT baller. He has a net worth in the tens of dollars."
Value is an intangible quality of something and subjective, though it can be related to worth.
"I bought this thing worth ten dollars for three bucks at a garage sale. What a value!"
"The value of OT weathermen is almost always low."
This post was edited on 8/25/16 at 3:24 pm
Posted on 8/25/16 at 3:23 pm to Roman Candle Tag
Value is a price a you place on an item, worth is what someone is willing to pay you.
Posted on 8/25/16 at 3:23 pm to Muice
So value=cost?
Worth is subjective?
Worth is subjective?
Posted on 8/25/16 at 3:39 pm to Roman Candle Tag
worth is the actual value of something. Value is the relative worth of something. It generally has to do with the law of supply and demand.
ETA:
Ex. The owner of Papa John's bought a restored old camaro like 30 years ago. He sold it to help his dad out. FF 20-30 years, this dude is now worth millions and wanted to find that car and buy it. So he put out an ad to locate it. When he found it, he paid like 250k for it. The car was only worth 30k but the value to him was worth 250k because it was sentimental.
ETA:
Ex. The owner of Papa John's bought a restored old camaro like 30 years ago. He sold it to help his dad out. FF 20-30 years, this dude is now worth millions and wanted to find that car and buy it. So he put out an ad to locate it. When he found it, he paid like 250k for it. The car was only worth 30k but the value to him was worth 250k because it was sentimental.
This post was edited on 8/25/16 at 3:49 pm
Posted on 8/25/16 at 3:51 pm to FishinTygah84
quote:
worth is the actual value of something. Value is the relative worth of something. It generally has to do with the law of supply and demand.
ETA:
Ex. The owner of Papa John's bought a restored old camaro like 30 years ago. He sold it to help his dad out. FF 20-30 years, this dude is now worth millions and wanted to find that car and buy it. So he put out an ad to locate it. When he found it, he paid like 250k for it. The car was only worth 30k but the value to him was worth 250k because it was sentimental.
Thanks,
Posted on 8/25/16 at 3:54 pm to Roman Candle Tag
quote:No, cost is a third concept related to but different from value and worth.
So value=cost?
Worth is subjective?
Cost is what is paid for something. Worth is what would be paid for something. Value is what you want to be paid for something.
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