[ S or U ] also value add, also added value MARKETING, PRODUCTION the increase in value of a product or service as it goes through the stages of being developed and produced:

[ U ] ECONOMICS the total output (= value of all the products, services, etc.) in a particular region, economy, etc. after taking away the value of inputs (= materials, labour, etc.):

MARKETING, PRODUCTION relating to the increase in value of a product or service as it goes through the stages of being developed and produced:

PRODUCTION relating to a process or industry that increases the value of a product or service:

ECONOMICS used to refer to the profit made from sales of products or services in a particular region, etc. in relation to the value of materials, labour, etc.: