Cost - the amount of one's resources which must be expended in order to accomplish an objective (whether to acquire a tangible object, secure a service, or provide a benefit to a third party.
Worth - the intrinsic attractiveness that one may attribute to the above-mentioned object, service, or benefit).
Value - the amount by which Worth exceeds Cost (translated into the same units, if a quantitative evaluation is required).
I'm also posting an example - and later, a little discussion.
Very interesting definitions. A bit different from our conversations in the General Store the other day.
ReplyDeleteReally? I thought I was sticking pretty close to the discussion. Of course, these may just be what I had in mind, not the rest of our little group.
ReplyDeleteWhat do you recall?
I really love how you bring your left brain (and therefore my left brain) into my right brain thinking!
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