私し的てき価か値ち

noun

private value

Economics term: the value an individual places on a good or service, as opposed to its market or social value.

• 私し的てき価か値ちと社しゃ会かい的てき価か値ちが一いっ致ちしない場ば合あい、市し場じょうの失しっ敗ぱいが起おこりうる。

  When private value and social value do not align, market failure can occur.