A quantity is the measurement of an observable property of a particular object, event, or physical system. A quantity is always associated with the context of measurement (i.e. the thing measured, the measured value, the accuracy of measurement, etc.) whereas the underlying quantity kind is independent of any particular measurement. Thus, length is a quantity kind while the height of a rocket is a specific quantity of length; its magnitude that may be expressed in meters, feet, inches, etc. Examples of physical quantities include physical constants, such as the speed of light in a vacuum, Planck's constant, the electric permittivity of free space, and the fine structure constant.

In other words, quantities are quantifiable aspects of the world, such as time, distance, velocity, mass, momentum, energy, and weight, and units are used to describe their measure. Many of which are related to each other by various physical laws, and as a result the units of some of the quantities can be expressed as products (or ratios) of powers of other units (e.g., momentum is mass times velocity and velocity is measured in distance divided by time). These relationships are discussed in dimensional analysis. Those that cannot be so expressed can be regarded as "fundamental" in this sense.

A quantity is distinguished from a "quantity kind" in that the former carries a value and the latter is a type specifier.