It is recognized that moral philosophy is a branch of philosophy that requires regulation, protection, and advice notion of right and wrong conduct. This term comes from the Greek word ethos. It means "character". Ethics is a go together to Aesthetics in the philosophy field of Axiology. In philosophy, ethics examine the moral actions in humans, and how one should act. Ethics light up the function of ethics in the background of other kind of social relationships; it examine the nature and inner structure of ethics, studies its basis and historical growth, and offer theoretical explanation for one or another ethical system. The most convincing ethical system is the essential morals that describe life and the life of those close to us frequently our family and community. Frequently they are the morals that are common by a group of people, and each different 'people' or 'society' has rather dissimilar ideas about what is correct and what is incorrect. In each culture, earliest and contemporary, there are regulations or laws. There are essential morals that can be traced throughout history. These cultures had no method of connecting with one another so far each have had like codes of ethics. Ethics tries to create a sense of right and wrong in the organizations and often when the law fails, it is the ethics that may stop organizations from harming the society or environment. .
Most of us would agree that it is ethics in practice that makes sense; just having it carefully drafted and redrafted in books may not serve the purpose. Of course all of us want businesses to be fair, clean and beneficial to the society. For that to happen, organizations need to abide by ethics or rule of law, engage themselves in fair practices and competition; all of which will benefit the consumer, the society and organization. Primarily it is the individual, the consumer, the employee or the human social unit of the society who benefits from ethics.