„Value” in Economic Theory and Practice

The recording gauge used in the provision of economic information to conduct various analyses and comparisons is “value”. This concept has been used in the economic and social theory and practice and has existed in human reason since the beginning of mankind. The studies regarding the shaping of value in different economic contexts have been the subject of many articles and publications; each research having its particularities in terms of approach and enunciated conclusions. The material finality of studying value is the addition of value – the fundamental goal of national, multi-national and international companies that not only economists are trying to exploit to the fullest. It is only the result of the complex management of all aspects belonging to an entity, which must combine the use of the set of resources in an economic, efficient and effective manner in order to achieve the desired performances and results.