Definition of value added in English:

value added


mass nounEconomics
  • 1The amount by which the value of an article is increased at each stage of its production, exclusive of initial costs.

    ‘the proportions of both total output and value added fell’
    • ‘At each level of production, from primary industry to finished product and marketing, approximately half the value added is due to labor.’
    • ‘The increased value added of the mining sector was largely reflected in the improved performance of the diamond industry.’
    • ‘Real gross output may also be easier to measure than real value added because it depends largely on deriving price indexes for observable sales.’
    • ‘We are delighted that our value added at both key stages three and four is so good.’
    • ‘However, textile's share of value added increased over the same period, from 11 percent to 13 percent.’
  • 2The addition of features to a basic line or model for which the buyer is prepared to pay extra.

    as modifier ‘value-added digital technology’
    • ‘The software will be offered to existing customers and new buyers as ‘a value added service’, the company said.’
    • ‘Market penetration has been limited, as relatively few people have opted for these systems or are ready to pay for their associated value added services.’
    • ‘Some value added services are deliverable today.’
    • ‘Malah is in charge of making the farm's value-added products, like pickles, jams, and jellies.’
    • ‘They certainly hasn't gone out of its way to provide any value added content to this DVD.’
    • ‘The Government introduced the export duty on unprocessed timber in order to encourage the export of value added timber and help in employment creation.’
    1. 2.1as modifier (of a company) offering specialized or extended services in a commercial area.
      • ‘The fastest growth rate in rural areas has been in farmer-owned, value-added businesses.’
      • ‘The income generated from the value-added business will flow to, and within, the local community.’
      • ‘It could be that one of the brands migrates more toward a high-technology, value-added brand.’
      • ‘That's why value-added agriculture is the buzzword of the new millennium.’
      • ‘Therefore, a modified structure is necessary for today's value-added cooperatives.’