market value JUST WRITTEN FOR YOU
/ˈmɑːrkɪt ˈvæljuː/ · mar·ket val·u
noun
- The price which a seller or insurer might reasonably expect to fetch for goods, services, or securities on the open market. The market value of the company's stock plummeted after the financial crisis.
- The worth or value of a particular market or industry, often used to describe its size or influence. The tech industry is a significant market value in the global economy.
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Did you know? The concept of market value has been used in various contexts, including art, where the market value of a piece can be significantly higher than its actual worth.