Which of the following represents the four great forces of values?

The correct answer highlights the essential dimensions that influence property values through the four great forces: Physical, Economic, Governmental, and Social.

In the context of property appraisal, these forces interact in various ways to shape market dynamics and assess value effectively. Physical forces pertain to the tangible characteristics of properties, such as location, land use, and environmental conditions. These factors can greatly influence desirability and market trends. Economic forces encompass market activity, demand, and economic indicators that affect property prices. Governmental forces relate to zoning laws, regulations, and policies impacting property use and development. Lastly, social forces involve demographics, community trends, and consumer preferences, reflecting societal attitudes towards different neighborhoods and properties.

The alternatives presented do not align as closely with the established framework of forces influencing property value. For example, while "Political" may seem relevant, it typically falls under governmental factors rather than being a distinct category. Therefore, the chosen answer correctly encapsulates the four fundamental forces that appraisers and real estate professionals must consider when determining property values.