Question
Explain the difference between Ethics and law.
| Ethics | Law |
| $1.$ Ethics are rules stating how a business should behave. | $1.$ Laws are rules developed by the government and to be followed mandatorily. |
| $2.$ Ethics comes from people’s awareness of what is right or wrong. | $2.$ Laws are enforced by the government and so business needs to learn from laws what is right or wrong. |
| $3.$ Ethics are moral codes which everyone must follow to maintain a healthy society. | $3.$ Laws are rules that everyone needs to follow for controlling the wellbeing of the society. |
| $4.$ A person cannot be punished if he violates the ethics. | $4.$ A person is punished if he violates the laws. |
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