Economics
- Valuation (finance), the determination of the economic value of an asset or liability
- Real estate appraisal, sometimes called property valuation (especially in British English), the appraisal of land or buildings
- A distinction between real prices and ideal prices in Marxist theory.
Read more about this topic: Valuation
Famous quotes containing the word economics:
“Religion and art spring from the same root and are close kin. Economics and art are strangers.”
—Willa Cather (1876–1947)
“I am not prepared to accept the economics of a housewife.”
—Jacques Chirac (b. 1932)
“There is no such thing as a free lunch.”
—Anonymous.
An axiom from economics popular in the 1960s, the words have no known source, though have been dated to the 1840s, when they were used in saloons where snacks were offered to customers. Ascribed to an Italian immigrant outside Grand Central Station, New York, in Alistair Cooke’s America (epilogue, 1973)