---
title: "Ethics in Business"
description: "Being honest, being fair, treating workers well, not harming the environment; what makes a 'good' business; whether businesses should care about more than profit"
canonical: https://lightmysky.com/learn/life-skills/ethics-in-business-mt_b0sXYFblDL
source: https://lightmysky.com/learn/life-skills/ethics-in-business-mt_b0sXYFblDL.md
retrieved: 2026-10-19
---

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# Ethics in Business

Being honest, being fair, treating workers well, not harming the environment; what makes a 'good' business; whether businesses should care about more than profit

Subject: Life Skills · Area: Entrepreneurship · Ages 9 to 11
Page: https://lightmysky.com/learn/life-skills/ethics-in-business-mt_b0sXYFblDL

## Ready when they can

- Name at least two things that make a business ethical (fair wages, honest advertising, environmentally responsible)
- Explain why a business that only cares about profit might cause problems
- Describe a situation where a business owner faces an ethical choice and suggest what they should do

## Lesson: What Makes a Business Good?

A business is more than a way to make money. You already know about supply chains. Ethics in business is the bigger idea behind that: doing the right thing even when no one is checking. A good business pays workers fairly, tells the truth in its ads, and tries not to harm the earth.

*(drawing: Fair Pay Co. pays workers enough to live on. Low Pay Co. pays much less to keep more profit for itself.)*

**Example.** Ravi owns a small shirt factory. He could pay workers like Low Pay Co. does, or pay them fairly like Fair Pay Co. Ravi chooses the fair wage. He keeps a little less profit, but his workers stay longer, work harder, and tell others his factory is a good place to work. The same care reaches his flour farmers and other suppliers.

Businesses that lie to customers or harm the environment might earn a quick profit, but they lose people's trust. Trust keeps customers and workers coming back, and that is worth more than one big sale.

**Recap.** A good business treats workers, customers, and the earth fairly, even when it costs a little more.

## Practice

8 questions on this page, each with its working shown.

## Needs first

- [Being a Good Seller](https://lightmysky.com/learn/life-skills/being-a-good-seller-mt_cq711F7ruL)
- [Fair Trade & Ethics](https://lightmysky.com/learn/life-skills/fair-trade-and-ethics-mt_HPf-dVtA3p)
- [Social Enterprise](https://lightmysky.com/learn/life-skills/social-enterprise-mt_QepALf3bin)
- [Supply chains](https://lightmysky.com/learn/life-skills/supply-chains-mt_tqgZH11cP5)

## Opens up

- [Doing It Right When Nobody Is Watching](https://lightmysky.com/learn/life-skills/doing-it-right-when-nobody-is-watching-mt_MViH0gLbvQ)