Business ethics is concerned with the behaviour of a businessman in doing a business. Unethical practices are creating problems to businessmen and business units. The life and growth of a business unit depends upon the ethics practiced by a businessman. Business ethics are developed by the passage of time and custom. A custom differs from one business to another. If [...]
Relation between Law and Morality or Ethics. Law is an enactment made by the state. It is backed by physical coercion. Its breach is punishable by the courts. It represents the will of the state and realizes its purpose.
Years ago when the halcyon days of democracy had yet not arrived, the world was governed by kings and queens. The king with his absolute powers ruled over his subjects with the help of his ministers and governors who could be aptly termed as the politicians of those days.