Value is not the same thing as price and people often mix the two up.
Price is the amount of money expected, required, or given in payment for something.
This amount of money is something that can easily be measured, like $5 or $50. It’s objective. $5 is $5 no matter how you FEEL about it. And an item priced at $5 is $5 whether you think it’s worth it, or not.
Value, on the other hand, is, ironically, more values-driven. It’s the regard that something is held to deserve; the importance, worth, or usefulness of something.
Notice how only one part of the definition deals with monetary value, it’s worth. All of the other terms are value-laden and subjective, terms like regard and importance. Who decides how important something is? It’s not like we have a value scale we can put different things on to see how they stack up.
To my son, his stuffed monkey is INCREDIBLY important. It’s valuable…to him. To another child, it’s just one of many stuffies they’ll see in his room which are equally forgettable.