The quality or property of a thing that makes it useful, desired or esteemed. An abstract and general principle concerning the patterns of behavior within a particular culture or society which, through the process of socialization, the members of that society hold in high regard. These social values , as they are often called, form central principles around which individual and societal goals can become integrated.
Classic examples are freedom, justice, education, etc.
In economics, the net worth of a thing as determined by what it will bring in exchange, either in other goods or in some medium of exchange - usually money. In mathematics, a quantity or magnitude as represented by a number. 5. In the Munsell system for classifying colors, the position along the brightness dimension. To assess the worth of a thing. To hold something in esteem based upon one's evaluation of it.