value added

 

noun

[mass noun] Economics
  • 1the amount by which the value of an article is increased at each stage of its production, exclusive of initial costs: the proportions of both total output and value added fell
  • 2the addition of features to a basic line or model for which the buyer is prepared to pay extra: [as modifier]: value-added digital technology
  • [as modifier] (of a company) offering specialized or extended services in a commercial area.