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Businesses and Companies: Laws Compared to Ethics

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Why is there is a need to create laws if companies aim for ethically driven business? In which ways are ethics and law differentiated? In which ways are they similar?

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Solution Summary

Solution clearly explains how are ethics different from laws and how how are they similar to some extent.

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In adherence to the law, where everyone can agree that ethical behaviour includes not harming or hurting others, ethics and law do come to the same result. In this role, law acts as a way to protect people from harm, which is what ethics do. They try to keep people from harming others. However, laws are not only written to protect people from harm or to be ethical.

The laws of business, ...

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