Ethics is defined as the phenomenon that describes the various process involved in the way of understanding what is good for a particular individual and his or her society. Ethics is often considered as moral philosophy and it has been derived from a Greek word named "ethos" which refers to disposition, habit, custom, or character.
Types of ethics:
1. Consequentialist ethics.
2. Deontological or duty-based ethics.
3. Virtue ethics.
In the question above, the given statement represents "ethics".
