ECONOMICS

Detailed explanation-1: -A morality is a set of rules to guide the actions of an individual human being. Rand says about it “a code of values to guide man choice and actions. Morals are judgments, standards and rules of good conduct in the society. They guide the people toward permissible behaviour with regard to basic values.

Detailed explanation-2: -Beliefs and values determine our attitudes and opinions. Morals are a system of beliefs that is taught for deciding good or bad as opposed to coming from within and are emotionally related for deciding right or wrong.

Detailed explanation-3: -ethics, also called moral philosophy, the discipline concerned with what is morally good and bad and morally right and wrong. The term is also applied to any system or theory of moral values or principles.

Detailed explanation-4: -Moral values are defined as guidelines that assist a person in deciding between right and wrong. In order to create honest, credible, and fair judgments and relationships in daily life, the awareness of one’s morals-along with self-awareness-is crucial.

Detailed explanation-5: -Ethics are the set of moral principles that guide a person’s behavior. These morals are shaped by social norms, cultural practices, and religious influences. Ethics reflect beliefs about what is right, what is wrong, what is just, what is unjust, what is good, and what is bad in terms of human behavior.