Explain the Difference Between the Words "Value," "Price," and "Cost

question 163

Essay

Explain the difference between the words "value," "price," and "cost."

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Definitions:

Instructions

A set of orders or directives given to a computer or device, outlining how to execute a particular operation or process.

Computer

An electronic device that manipulates information or data, capable of performing a sequence of operations under program control.

Human Intelligence

The intellectual capability of humans, which includes the ability to learn, understand, reason, and solve problems.

Computer Systems

Encompasses an interconnected set-up of hardware, software, and users that interact to perform computational tasks.