virðisgildi
Virðisgildi is an Icelandic term that translates to "value" or "worth" in English. It is a concept used in various contexts, including economics, philosophy, and everyday language. In economics, virðisgildi refers to the economic value of a good or service, often determined by supply and demand. This can be measured in monetary terms, such as the price of an item, or in terms of its utility and usefulness to consumers.
In a broader philosophical sense, virðisgildi can refer to the intrinsic worth or importance of something,
In everyday Icelandic conversation, virðisgildi is used to express the perceived importance or desirability of things.