Values can be classified into two broad categories:
1. Individual values:
These are the values which are related to the development of human personality or individual norms of recognition and protection of the human personality such as honesty, loyalty, veracity, and honor.
- Collective values: Values connected with the solidarity of the community or collective norms of equality, justice, solidarity, and suitableness are known as collective values. Values can also be’ categorized from the point of view their hierarchical arrangement:
- Intrinsic values: These are the values which are related to goals of life. They are sometimes known as ultimate and transcendent values. They determine the schemata of human rights and duties and of human virtues. In the hierarchy of values.they occupy the highest place and superior to all other values of life.
2. Instrumental values:
These values come after the intrinsic values in the scheme of gradation of values. These values are means to achieve goals (intrinsic values) of life. They have also known as incidental or proximate values.
Source of value:
- Friends and peers