Social values are the principles and standards that are morally acceptable by society. They are the beliefs, customs, and behaviors that are considered important and desirable by a community. Social values can encompass a wide range of aspects, including ethical, cultural, and societal norms. These values play a crucial role in shaping individual and collective behavior, influencing decision-making, and defining the nature of social order).
In the context of social sciences and ethics, values denote the degree of importance of something or action, with the aim of determining which actions are best to do or what way is best to live. They reflect a persons sense of right and wrong or what "ought" to be, and can be defined as broad preferences concerning appropriate courses of actions or outcomes).
Social value, on the other hand, refers to the quantification of the relative importance that people place on the changes they experience in their lives. It is about understanding the impact of changes on peoples wellbeing and using this understanding to make better decisions that focus on what is valuable to people. Social value goes beyond using money as the main indicator of value and aims to increase positive change and decrease negative effects, ultimately improving overall value for both people and the planet.
In summary, social values are the principles and standards that are morally acceptable by society, while social value is about understanding the relative importance that people place on changes to their wellbeing and using this understanding to make better decisions that focus on what is valuable to people).
