Concept information
Preferred term
business law
Definition
- Law can be defined as rules set by society to govern behavior; thus, business law refers to those rules of behavior that govern business. To govern behavior efficiently, law must be both predictable and flexible. [Source: Encyclopedia of Business Ethics and Society; Business Law]
Broader concept
Narrower concepts
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/business_law
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