What Is Meant By The Term Ethical Obligations?
Ethical obligation means moral value pertaining to your society. In simple words it is a duty for welfare of others or an act to facilitate others. In economics ethical obligation means that an entrepreneur performs a duty to facilitate society. For example, it is moral obligation for a trader to lessen prices of the items on eve Christmas for Christians or Ramazan for Muslims. In the same way, if employee gets ill, it is ethical obligation for his employer to ask about his health and facilitate him during his illness period. Saying than you is also an ethical obligation.
