Please explain the difference between "valued" and "valuable" when talking about goods. Which of them should be used to indicate intangible value and which to indicate price? For example, if a product is very useful and inexpensive, is it "valued" or "valuable"?
Answer
Valuable means something is likely to be valued by a lot of people.
Valued means it's definitely already valued by some people.
If a product is inexpensive, it may be valued by those who own it, but it can hardly be valuable.
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