Outside of economics, value added refers to extra feature(s) of an item of interest (product, service, person etc.) that go beyond the standard expectations and provide something more while adding little or nothing to its cost. Value-added features give competitive edges to companies with otherwise more expensive products.
Value-added methods and measurements are also being utilized in Education as part of a national movement towards teacher evaluation and accountability in the United States. This type of measure is known as a Value-added_modeling|Value Added Modeling or Measures