loved vs favourite

loved is not a noun while favourite is a noun.

Word	Noun	Adjective	Verb	Adverb
loved	No	Yes	No	No
favourite	Yes	Yes	Yes	No

loved (noun)	favourite (noun)
	something regarded with special favor or liking
	a special loved one
	a competitor thought likely to win

loved (adjective)	favourite (adjective)
held dear	preferred above all others and treated with partiality
	appealing to the general public

loved (verb)	favourite (verb)
	To mark an item as a personal favorite on social media