How the value of resources is …

A resource is a source or supply from which a benefit is produced and that has some utility. Resources can broadly be classified upon their availability — they are classified into renewable and non-renewable resources. ... An item becomes a resource with time and developing technology. For resources traded in markets such as oil, land, timber, and crops, the value of small quantities of market goods can be measured by their observed price. In competitive markets, prices reflect both the marginal cost of producing the good to suppliers and the marginal value to consumers. Ethical values are the ones we make ethical choices based on them, or they are the kind of values that have to do with being good or doing the right thing. There are many ethical values. Justice, honesty, empathy, compassion, respect and responsibility are the most important ones.