In: Economics
Respond to the paragraphs below in your opinion.
Ethics is the process by which how human conduct on an everyday basis and laws is a process by which laws are obeyed in a minimum standard behavior. The difference between ethics and law is what a person should do or must do. Ethics is not written as the law, therefore, ethics are not followed like laws are. Both ethics and laws can intersect when deciding ethical principles and moral values. It guides and sets rules for society to do the right thing. Laws are applied to help establish positive conduct in people's lives. In order to live a good life, we apply morals and guidelines.
A relationship between law and ethics is that laws are made based on minimum standards of human behavior in which ethical behavior is applied. One example is following the law within a business by paying taxes because it is ethically the right thing to do and following the rules and regulations that the law establishes is also right.
The paragraph shows the two important aspects of our society. One is enforceable which is law which when not followed then there is punishment. Second one is Ethics which explains the human behaviour and explains what is right and wrong. Both explains moral values. They basically act as a guidelines to the society. Laws are implemented so that people will do the right thing and will not deprive others from their rights. Ethics are good conduct which determine the behaviour of people. Laws are formed on the basis of ethics It thus states how human beings live and behave in the society so that interest of others are not suffered. One example is the system of taxation. Tax payment is a law applicable to all salaried people and it is ethically correct. This is because the funds from taxes are used for the welfare of the society. Ethics thus states good conduct and laws are necessary so that citizens live and behave positively.