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Product vs Value - What's the difference?

product | value |

As a noun product

is a commodity offered for sale.

As a verb value is

.

product

English

Noun

  • A commodity offered for sale.
  • Any preparation to be applied to the hair, skin, nails, etc.
  • Anything that is produced; a result.
  • * (John Milton) (1608-1674)
  • the product of those ill-mated marriages.
  • * (Edmund Burke) (1729-1797)
  • These institutions are the products of enthusiasm.
  • *{{quote-magazine, date=2014-06-21, volume=411, issue=8892, magazine=(The Economist)
  • , title=[http://www.economist.com/news/books-and-arts/21604535-real-sir-isaac-newton-was-not-first-king-reason-last Magician’s brain] , passage=The truth is that [Isaac] Newton was very much a product of his time. The colossus of science was not the first king of reason, Keynes wrote after reading Newton’s unpublished manuscripts. Instead “he was the last of the magicians”.}}
  • # The amount of an artifact that has been created by someone or some process.
  • # A consequence of someone's efforts or of a particular set of circumstances.
  • # (label) A chemical substance formed as a result of a chemical reaction.
  • # (arithmetic) A quantity obtained by multiplication of two or more numbers.
  • # (label) Any operation or a result thereof which generalises multiplication of numbers, like the multiplicative operation in a ring, product of types or a categorical product.
  • # Any tangible or intangible good or service that is a result of a process and that is intended for delivery to a customer or end user.
  • #*
  • #*
  • #*
  • Illegal drugs, especially cocaine, when viewed as a commodity.
  • Usage notes

    * Adjectives often applied to "product": excellent, good, great, inferior, crappy, broken, defective, cheap, expensive, reliable, safe, dangerous, useful, valuable, useless, domestic, national, agricultural, industrial, financial.

    Synonyms

    * (items for sale) merchandise, wares, goods * (amount created by a process) production, output, creation

    Derived terms

    * by-product * categorical product * end product * finished product * gross domestic product, gross national product * product placement * product recall

    See also

    * addition, summation: (augend) + (addend) = (summand) × (summand) = (sum, total) * subtraction: (minuend) ? (subtrahend) = (difference) * multiplication: (multiplier) × (multiplicand) = (factor) × (factor) = (product) * division: (dividend) ÷ (divisor) = (quotient), remainder left over if divisor does not divide dividend ----

    value

    English

    Noun

    (en noun)
  • The quality (positive or negative) that renders something desirable or valuable.
  • * {{quote-news, year=2012, date=May 13, author=Alistair Magowan, work=BBC Sport
  • , title= Sunderland 0-1 Man Utd , passage=United were value for their win and Rooney could have had a hat-trick before half-time, with Paul Scholes also striking the post in the second half.}}
  • The degree of importance given to something.
  • * {{quote-magazine, date=2013-06-07, author=(Gary Younge)
  • , volume=188, issue=26, page=18, magazine=(The Guardian Weekly) , title= Hypocrisy lies at heart of Manning prosecution , passage=WikiLeaks did not cause these uprisings but it certainly informed them. The dispatches revealed details of corruption and kleptocracy that many Tunisians suspected, […]. They also exposed the blatant discrepancy between the west's professed values and actual foreign policies.}}
  • The amount (of money or goods or services) that is considered to be a fair equivalent for something else.
  • * M'Culloch
  • An article may be possessed of the highest degree of utility, or power to minister to our wants and enjoyments, and may be universally made use of, without possessing exchangeable value .
  • * Dryden
  • His design was not to pay him the value of his pictures, because they were above any price.
  • * {{quote-magazine, date=2013-08-03, volume=408, issue=8847, magazine=(The Economist)
  • , title= Boundary problems , passage=Economics is a messy discipline: too fluid to be a science, too rigorous to be an art. Perhaps it is fitting that economists’ most-used metric, gross domestic product (GDP), is a tangle too. GDP measures the total value of output in an economic territory. Its apparent simplicity explains why it is scrutinised down to tenths of a percentage point every month.}}
  • (music) The relative duration of a musical note.
  • (arts) The relative darkness or lightness of a color in (a specific area of) a painting etc.
  • * Joe Hing Lowe
  • I establish the colors and principal values by organizing the painting into three values--dark, mediumand light.
  • Numerical quantity measured or assigned or computed.
  • Precise meaning; import.
  • the value''' of a word; the '''value of a legal instrument
    (Mitford)
  • (obsolete) Esteem; regard.
  • (Dryden)
  • * Bishop Burnet
  • My relation to the person was so near, and my value for him so great.
  • (obsolete) valour; also spelled valew
  • (Spenser)

    Synonyms

    * (quality that renders something desirable) worth

    Derived terms

    * valuable * valueless * valueness * economic value * face value * note value * par value * time value

    Verb

    (valu)
  • To estimate the value of; judge the worth of something.
  • * {{quote-magazine, date=2013-08-03, volume=408, issue=8847, magazine=(The Economist)
  • , title= Boundary problems , passage=Economics is a messy discipline: too fluid to be a science, too rigorous to be an art. Perhaps it is fitting that economists’ most-used metric, gross domestic product (GDP), is a tangle too.
  • To fix or determine the value of; assign a value to, as of jewelry or art work.
  • To regard highly; think much of; place importance upon.
  • To hold dear.
  • Synonyms

    * appreciate * assess * esteem * prise, prize * rate * respect * treasure * valuate * worthen

    Antonyms

    * disesteem * disrespect

    See also

    * value system

    Statistics

    *

    Anagrams

    * ----