In today’s business environment there is no exact definition of law. Law is a set of rules, standards and principles that outlines the behavior we practice in business. The legal system is a major institution that assists us in defining acceptable social behavior. Laws limit the activities that are not in the best interest of the public. All people have different values and desire different things in life laws act as a way to dispute resolution. Laws play a role in maintaining honesty and integrity in a social environment. The legal system is a tool used to implement changes in acceptable behavior. Laws and courts have many purposes in today’s business environment for example consumer protection, employee protection, environmental protection, and taxation.
The laws government enacts are a way to enforce rules. The government’s role in business is to protect consumers from bad business practices by enforcing rules, regulations and laws that the businesses have to go by if they want to practice business. The government is also responsible for protecting the employees that work for these businesses by making sure they provide a safe work environment and that they are protected against discrimination. The environment has to be protected from businesses to make sure they are operating in a safe manner that is not harming to the environment such as making sure oil spills are cleaned up properly. Taxation is an important form of revenue for government agencies, without taxation there wouldn’t be a budget for things like schools, police and firefighters.
In the compare and contrast the federal court against my state court I found the following. State of Wyoming uses the constitution and state laws to make up the court system and only certain state court cases can be heard in the Supreme Court. State of Wyoming court is made up of three branches circuit court for traffic infractions, preliminary hearings, civil protection,
References: meiners, r., ringleb, a., & edwards, f. (2011). the legal environment of business (11th ed.). : cengage. greechie, s. (2014, Month Day). role of government in business. demand media. Retrieved from http://smallbusiness.chron.com/role-government-business-803.html