What are Values?
Values refer to anything that fulfils or has the capacity of fulfilling the needs of man, which might be physical, psychological or spiritual.
The object that has the capacity of appeasing the hunger of man and nourishing his body is considered as valuable food. Certain objects possess the capacity to cure diseases, so they have medicinal value. There are certain rules and regulations meant for the moral growth of man, and they are moral values. So, values always refer to human needs.
Source:
Value Education – “An Outline”
published by Ramakrishna Institute of Moral and Spiritual Education Mysore