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How are the laws of a country based on economics?

Updated: 8/20/2019
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10y ago

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Many laws of any country impact that country's economics. Tariff laws on imports and exports affect the price of goods in the country. Laws pertaining to minimum wages affect the living standards of many of its citizens. These laws also impact the cost of goods in a country. Laws that affect the nations national bank or other institutions can play a role of interest rates in that country.

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Q: How are the laws of a country based on economics?
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