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Monetary Value Definition





Monetary value definition starts from the understanding what is covered by this concept

Monetary value is the value of asset, service, product expressed in money terms. In other words monetary value is amount of cash (money) to be paid for the asset, product or service, if it would be purchased

Examples of items which have monetary value are:

  • Vehicles
  • Equipment
  • Licenses
  • Inventory
  • Material
  • Finished goods
  • Services provided

Monetary value is determined by the supply and demand, i.e. the monetary value of an item is determined by the demand for it and the value assigned to it in the trade exchange

Monetary value tends to increase, if there is raising demand for a particular item. If demand falls, monetary value also decreases

Monetary value is expressed in a certain currency, in which sales/purchase transactions are carried on


Video on Monetary Value Definition and Meaning


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