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How does the rule of law affect business? What would business be like in a land...

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General Management

  • How does the rule of law affect business?
  • What would business be like in a land without any rule of lawsystem? Be specific.

Answer & Explanation Solved by verified expert
4.4 Ratings (598 Votes)
Rule of law prima facie ensure that businesses have certain rules and regulations that they should adhere to while functioning Without these rules and regulations there can be too many problems affecting the economy in the country For example businesses are governed by statutory compliance as per well defined standards in most countries These laws ensure that the businesses are running their    See Answer
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