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   value added

   noun

   • 1. the 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"
   • 2. the addition of features to a basic line or model for which the buyer is prepared to pay extra: "value-added digital technology"
   • ▪ (of a company) offering specialized or extended services in a commercial area.

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