In society it means government must treat individuals fairly, and vice versa. Whoever creates something should be entitled to keep it. Receiving the fruits of someone else's labor a windfall often occurs. But for each windfall there is a wipeout someone doesn't get all he or she produced. Both the windfall and the wipeout are unethical.
People are important.
They should be treated with respect and dignity, not as machines or cogs in a wheel. Ethics in Business Largely as a result of following these principles, the Lincoln Electric Company has demonstrated superior performance for its entire 100-year history. Many things have to happen to run a business ethically. One of them is making an adequate profit, which benefits the shareholders. But in my opinion, any company and all its constituents are better served if the customer comes first.