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Introduction
Business ethics problems have been taking place for a long time, but lately, people have been forced to face this more often. However, they have acquired a particular side in modern times when the market has been dramatically transformed and competition has become fierce. Now all over the world, the issues of ethics of business relations are widely studied, serve as the subject of scientific discussions and forums, are studied in various educational institutions that train employees for the market. Recently, the problems of business ethics have come to the fore.
Main body
In the business sphere, ethical problems may arise due to the dishonesty and unreliability of business people or their partners. As a rule, by demonstrating honesty and reliability to a partner, they make it clear that they receive certain guarantees of the effectiveness of interaction with this particular organization (Arnold et al., 2020). Dishonesty in business is a notable characteristic of the early stages of the emergence of an entrepreneurial business and indicates its immaturity and imperfection.
Business law is one of the most critical aspects of the business sphere in any country. Business law regulates taxation and establishes the rights and obligations of businesspeople (Ferrell et al., 2019). In addition, laws regulate the ethical attitude of a business to nature and its resources. The issue of environmental pollution is handled, the use of chemically hazardous substances is controlled. The law is also aimed at the correct business partnership between the participants of business relations and their responsibility to each other (Trevino & Nelson, 2021). The role of business law is significant because it helps establish a conscientious and ethical attitude of business people not only to each other but also to nature.
Conclusion
In conclusion, ethical problems in business often arise due to people’s incorrect and dishonest attitude towards each other and their partners. In addition, ethical issues may develop against the background of the negative impact of business activities on nature and its resources. In these cases, the law plays an important role, as it sets the framework within which people doing business should act. These restrictions help preserve good and conscientious relations between the participants of business relations and, in general, the impact of human activities on nature.
References
Arnold, D., Beauchamp, T., & Bowie, N. (2020). Ethical theory and business. United Kingdom: Cambridge University Press.
Ferrell, O., Fraedrich, J., & Ferrell, L. (2019). Business ethics: Ethical decision making and cases. USA, Boston: Cengage.
Trevino, L., & Nelson, K. (2021). Managing business ethics: Straight talk about how to do it right. New York, NY: Wiley.
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