Nicomachean ethics is a masterpiece by Aristotle which is categorized as a philosophical inquiry regarding the nature of good life. In this work, Aristotle has claimed that there is something in this universe which can be called as ultimate good as it is inherently good. On the other hand, it can also be stated that Aristotle has also claimed that it is the source of ultimate good which the human beings in this earth claims for. Furthermore, in this work called Nicomachean ethics, Aristotle has also given a rough and general taxonomy of virtues which are essential for attaining the status of ultimate good. It has been broadly evidenced that these facets of goodness mainly emerge from feelings and passions (courage and temperance) as well as are also connected with the external goodness, which includes magnanimity, magnificence and generosity.