Greetings Class, this week we are exploring economic value and social value. Economic value refers to a measurement of the benefit provided by a good or service to an economic agent. Many times it is measured through units of currency as well as interpretation. In the case of measurement, it is important to figure the maximum amount of money a specific consumer is will to pay for the benefit or service? Class, understanding the definition of economic value, do you think that organizations determine economic value as part of the strategic planning process?