### concept | value:

Future value
* current amount that is increased in the future by interest compounding.
* involves 'translating' current dollars into future dollars.
* is the process by which today's money grows in value over time.

Good value
* encompass all ethnic groups, cultures and faiths.
* is measured by far more than only price.

High value
* give information.
* positive imbalance between the cost and benefits of a specific product.
* product of high quality at a competitive price.

Instrumental value
* Instrumental Values are moral and competence based in nature.
* refers to something that is valued based on what it can do.

Insulation value
* are for summer conditions, heat flow down.
* vary with the type of material and the presence of water.

Investment value
* concept that is personal to each individual user.
* is used in the decision process to lease or to buy.

Land value
* is determined by the demand for living and working space
  - dynamics of the local real estate market
  - shaped by natural and social factors which is appropriated by landowners
* measures society's health and belongs to all members equally.
* near perfect metric of the health of a society.

### concept | value:

Market price
* are central to the market process
  - conveyors of information
  - market prices, after all
* are the result of continuous changes in the balance of such wagers
  - supply and demand
  - whatever buyers and sellers agree on
* balance the costs and benefits to all parties of producing and consuming.
* bring personal self-interest and the general welfare into harmony.
* communicate information to buyers and sellers.
* coordinate the decisions of buyers and sellers.
* includes the land where a home is situated.
* is assumed to remain constant over time
  - determined by supply and demand
* is the A. true market value
  - most probable sales price
  - whatever a forest owner agrees to sell their stand of timber for at a given time
* move based on supply and demand.
* reflect the prices that consumers are willing and able to pay.
* tend to form seasonal patterns that are repeated year after year
  - move in the opposite direction of cattle numbers
* vary with plant species and product quality.

### concept | value:

Market value
* are values.
* can diverge from intrinsic values.
* concept that refers to the external value of a property.
* declines because there are fewer buyers for rural practices.
* differs from investment value.
* is based on the age-old law of supply and demand
  - upon what a buyer has actually paid for a property
* is determined by the activity in the real estate market and the general economy
  - age, edition, supply and demand of the book
* is determined by the interaction between buyers and sellers in the market
  - sale and purchase of properties in a county
  - supply and demand for housing in the area
  - vehicle s purchase price adjusted over time for depreciation
  - driven by previous sales
  - influenced by the type of change which is occurring at any particular time
  - that value about which sales prices fluctuate and towards which they gravitate
* is the company's stock price times the number of outstanding shares
  - determining factor on deciding which properties are reappraised
  - most probable selling price of a property in an open market transaction
  - stock price times the shares outstanding
* product of the price paid for the property.

Moral value
* are relative to a culture and time
  - self-determined and situational
* are the objective expression of an absolute moral being
  - self-interest of the community
* derive their source from human experience.
* grow out of human experience.
* resides in a person's own needs and wants.
* take the form of taboos, which are things that irritate or anger various spirits.

National income
* broader national level economic measure than is personal income.
* is the incomes created from producing the output.