Ethics - GCSE Business Definition

Ethics refers to the moral principles and standards that guide the behaviour and decisions of businesses and individuals within them. It involves assessing what is right or wrong and making choices that consider the welfare of others, the community, and the environment. In business, ethical considerations might include fair treatment of employees, honest marketing practices, and sustainable environmental policies. Understanding ethics helps students assess the impact of business activities on society and encourages them to think about how businesses can operate responsibly while still achieving their goals.