economic value vs premium
premium vs economic valueeconomic value and premium both are nouns.
economic value is not an adjective while premium is an adjective.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| economic value | Yes | No | No | No |
| premium | Yes | Yes | No | No |
As nouns,
premium is a hyponym of
economic value; that is, premium is a
word with a more specific, narrower meaning than
economic value:
- economic value: the amount (of money or goods or services) that is considered to be a fair equivalent for something else
- premium: the amount that something in scarce supply is valued above its nominal value
Other hyponyms of economic value include
mess of pottage.
| economic value (noun) | premium (noun) |
|---|---|
| the amount (of money or goods or services) that is considered to be a fair equivalent for something else | the amount that something in scarce supply is valued above its nominal value |
| payment or reward (especially from a government) for acts such as catching criminals or killing predatory animals or enlisting in the military | |
| payment for insurance | |
| a fee charged for exchanging currencies | |
| a prize, bonus, or award given as an inducement to purchase products, enter competitions initiated by business interests, etc. |
| economic value (adjective) | premium (adjective) |
|---|---|
| having or reflecting superior quality or value; having a higher price or cost |
Words related to "economic value"
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