What is value?

Phrases with the word value, like “this create value,” and “this is valuable,” are commonly used, but what does creating value actually mean?

I’ll put forward that value is created when a problem is solved. I suggest using this definition whenever you see the word value being discussed and see if it doesn’t hold. It likely will, and if it doesn’t, feel free to share where the definition didn’t make sense and we can have a conversation about it.


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