Added Distinction

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Dual labour market - The Dual labour market theory divides the economy into two parts, called the “primary” and “secondary” sectors. The distinction may also be drawn between formal/informal sectors or sectors with high/low value-added.

Market value added - Market Value Added (MVA) is the difference between the current market value of a firm and the capital (economics) contributed by investors. If MVA is positive, the firm has added value.

Value-added reseller - A value-added reseller (VAR) is a company that adds some feature to an existing product, then sells it (usually to end-users) as a new package. This practice is common in the electronics industry, where, for example, a software application might be added to existing hardware.

Value-added service - A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls. On a conceptual level, value-added services add value to the standard service offering, spurring the subscriber to use their phone more and allowing the operator to drive up their ARPU.

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