Economic valuation

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).