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English definition of “added value”

added value

noun [U]     (also value added)
ECONOMICS an increase in the value of a resource, product, or service as the result of a particular process: They want as much of the added value as possible from their exploited natural resources to benefit their own economy. added-value products/services
ECONOMICS something useful that someone can give to a company, especially something that helps the company make more money: The key to the job search is to offer added value and communicate clearly. added-value skills
(Definition of added value noun from the Cambridge Business English Dictionary © Cambridge University Press)
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