Simple English definitions for legal terms
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Social value refers to the importance, usefulness, or desirability of something to the general public. It is different from monetary value, which is the amount of money something can be exchanged for. Social value is about how much something benefits society as a whole, rather than just its financial worth.
Social value refers to the significance, desirability, or usefulness of something to the general public. It is the value that something holds beyond its monetary worth or price.
These examples illustrate how social value goes beyond financial gain and contributes to the well-being of society as a whole.