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"Vale" is a form of "vale", an interjection which is often translated as "okay". "Merece la pena" is a phrase which is often translated as "it's worth it". Learn more about the difference between "merece la pena" and "vale" below.
merece la pena()
A phrase is a group of words commonly used together (e.g., once upon a time).
1. (general)
a. it's worth it
Debes ver ese documental sobre el cambio climático. Merece la pena.You should watch that documentary on climate change. It's worth it.
vale()
An interjection is a short utterance that expresses emotion, hesitation, or protest (e.g., Wow!).
A masculine noun is used with masculine articles and adjectives (e.g., el hombre guapo, el sol amarillo).