ECONOMICS (CBSE/UGC NET)

ECONOMICS

MONEY MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
A value can be described as
A
something basic for your survival
B
something you desire to make your life more comfortable
C
a willingness to give up something now in exchange for a future benefit
D
a belief or idea you consider important or desirable
Explanation: 

Detailed explanation-1: -Haralambos, “A value is a belief that something is good and desirable.” According to R.K. Mukherjee, “Values are socially approved desires and goals that are internalized through the process of conditioning, learning or socialization and that become subjective preferences, standards, and aspirations.”

Detailed explanation-2: -Beliefs are our assumptions about the world. Values are how we attribute worth to objects and behaviors. Beliefs stem from our life experiences, spiritual learnings, and culture. Our beliefs heavily influence our values.

Detailed explanation-3: -Values are individual beliefs that motivate people to act one way or another. They serve as a guide for human behavior. Generally, people are predisposed to adopt the values that they are raised with. People also tend to believe that those values are “right” because they are the values of their particular culture.

Detailed explanation-4: -Family. Freedom. Security. Loyalty. Intelligence. Connection. Creativity. Humanity. More items •29-Jan-2020

Detailed explanation-5: -Character Values. Character values are the universal values that you need to exist as a good human being. Work Values. Personal Values. 11-Nov-2016

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