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Value is the worth of something.
It can either be objective or subjective. For example the value of a coin is easy to determine as it has a "face value", however, an old photo may have a subjective value (e.g. "priceless") as it holds value to the owner.
Other terms such as "value engineering" simply mean looking for ways to reduce costs on a project.
"Value you your opinion" means that the input or contribution of a person is sought after.
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