premium vs economic value
economic value vs premiumpremium and economic value both are nouns.
premium is an adjective but economic value is not an adjective.
| Word | Noun | Adjective | Verb | Adverb |
|---|---|---|---|---|
| premium | Yes | Yes | No | No |
| economic value | Yes | No | No | No |
As nouns,
economic value is a hypernym of
premium; that is, economic value is a
word with a broader meaning than premium:
- premium: the amount that something in scarce supply is valued above its nominal value
- economic value: the amount (of money or goods or services) that is considered to be a fair equivalent for something else
Other hypernyms of premium include
value.
| premium (noun) | economic value (noun) |
|---|---|
| the amount that something in scarce supply is valued above its nominal value | the amount (of money or goods or services) that is considered to be a fair equivalent for something else |
| 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. |
| premium (adjective) | economic value (adjective) |
|---|---|
| having or reflecting superior quality or value; having a higher price or cost |
Words related to "premium"
Words related to "economic value"
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