Ethics is the pragmatic assessment of situation in changing circumstances. It focuses around ideals of character and the constituting traits or virtues?

Answer: Virtues

Explanation: It is a notion in moral philosophy, which emphasises the role of virtue of character, which means doing good deeds without some reward, that is, some favourable outcomes, or because one must, such as duty. The root of this moral philosophy and the development of virtues is given by Aristotle, according to whom, one must have character traits as a predisposition for developing or nurturing virtues. Because virtues are actually achieved by nurturing and developing existing positive (ideal) character traits, which by nurture become virtues.