Value or economy
Terms such as 'value' and 'economy' mean different things to different people, and currently there is no legal definition for these terms.
Some people might feel they mean high quality at a low price, and others might take them to mean basic standard at a basic price.
If you want to check for yourself whether or not you are getting value for your money, you will need to read the other information given on the label to help you compare products.
You will usually see information in the ingredients list about how much of the main or characterising ingredients have been used to make a food.
So if you like your steak and kidney pie with a lot of kidney in it, you could compare the percentages of kidney in the different products on offer.