System of Moral Principles

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Introduction
The word ethics has originated either from Latin word
Ethicus or the Greek word Ethicos. Both these words
originated from the word ethos which means
character. Ethics is a system of moral principles, rules
and conduct. As a science of moral principles, ethics
gives guidelines such as what is right? and what is
wrong?.
Ethical problems are faced by people in all the countries
and at all times. In all organizations, family business and
religions, situations arise that demand right decisions.
Centuries ago, Duryodhana said in Mahabharata : I
know what is right but I am not able to act accordingly, I
also know what is wrong but I am not able to restrain
myself doing it.

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The famous Indian philosopher Kautilya says,

We are shaped by our thoughts. We become
what we think, when the mind is pure, joy
follows like a shadow that never leaves.
Ethics can be described as philosophy in action.
Business ethics is a branch of ethics dealing with
application of ethical principles in business. The
human beings have freedom of action to
communicate good or bad to the world.
While good acts are performed, people are
happy and period of good activity is called the
golden era. Ethics encourages constructive
actions.
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There are three types of constructive actions:

1.

Certain obligatory actions to be erformed

by every individual, such as good quality

products, fair price and customer care; the
non-performance of these activities bring
disgrace.

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