The basic characteristics of values are as under:

(i)    Values reflect standard of morality.
(ii)    Values are most central to the core of a person.
(iii)    Values are relatively permanent in nature.
(iv)    Values transcend specific objects, situations or persons.
(v)    Values have two attributes-content and intensity. The content attribute stresses that a particular code of conduct important. The intensity attribute specifies how important that particular code of conduct is.

When we rank an individual’s values in terms of their intensity, we obtain the value system of that person. In the value system, all of us have a hierarchy of values which is identified by the relative importance we assign to different values such as freedom, self-respect, honesty, respect for work, and so on.

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