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Cost measured in dollars alone is insufficient because it overlooks qualitative factors such as utility, emotional satisfaction, and long-term benefits. It also fails to account for externalities, such as environmental impacts or social implications, which can significantly affect overall value. Additionally, focusing solely on monetary cost can lead to short-sighted decisions that neglect important considerations like sustainability or personal fulfillment. Thus, a more comprehensive assessment of value requires a multidimensional approach that includes both quantitative and qualitative factors.

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1mo ago

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