In ethics, value denotes something's degree of importance, with the aim of determining what action of life is best to do or live (deontology), or to describe the significance of different actions (axiology).
It may be described as treating actions themselves as abstract objects,
putting value to them. It deals with right conduct and good life, in
the sense that a highly, or at least relatively highly, valuable action
may be regarded as ethically "good" (adjective sense), and an action of low, or at least relatively low, value may be regarded as "bad".
What makes an action valuable may in turn depend on the ethic values
of the objects it increases, decreases or alters. An object with "ethic
value" may be termed an "ethic or philosophic good" (noun sense).
Values can be defined as broad preferences concerning appropriate
courses of action or outcomes. As such, values reflect a person's sense
of right and wrong or what "ought" to be. "Equal rights for all",
"Excellence deserves admiration", and "People should be treated with
respect and dignity" are representative of values. Values tend to
influence attitudes and behavior. Types of values include ethical/moral values, doctrinal/ideological (religious, political) values, social values, and aesthetic values. It is debated whether some values that are not clearly physiologically determined, such as altruism, are intrinsic, and whether some, such as acquisitiveness, should be classified as vices or virtues.