Functions and Role of Law in Business & Society



Functions and Role of Law in Business & Society

Laws and regulations are one of the important components of a successful society and business. In terms of society, the laws are considered important because they influence the behavior of people to carry out certain tasks accordingly which results in the smooth running of a society. Laws contain enforcement of a specific behavior or attitude through providing ethical standards which determine the expectations for obeying the law. They also provide specific code of conduct that is used for measuring the enforcement of the law ...