Economic valuation
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Economic valuation is value given to nonfinancial factors. Giving monetary value to environmental factors (for example, the quality of air and water, which are not normally part of a financial valuation).
Definition
According to the HRBoK Guide,
- Economic valuation. Value given to nonfinancial factors. Giving monetary value to environmental factors (for example, the quality of air and water, which are not normally part of a financial valuation).
