Final answer:
Aristotle conceives virtue as the mean between two vice states and involves cultivating excellent character through habituation and practice. Virtue is the habit of choosing the right action in the right way to promote well-being.
Step-by-step explanation:
Aristotle conceives a virtue as the mean between two vice states, deficiency and excess. Virtue is the habit of choosing the right action in the right way, which contributes to one's well-being. It involves cultivating excellent character through self-awareness, deliberation, and reflection. Aristotle believed that through habituation and practice, individuals can develop virtuous dispositions and gain practical experience to choose the right action in diverse situations.