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How do specific aspects of the US legal system help further commerce?
Wiki User
∙ 13y ago
There are many ways the US legal system impacts business. One may think of anti-trust law, environmental standards enforced by legislation, or even the conditions attached to acceptance of funds from the TARP program. To take the example of anti-trust, certain behavior by business people, such as the formation of cartels fixing prices, or the manipulation of the stock market via insider trading is prohibited by law. Businesses therefore need to take these laws into account when making decisions. One could argue that these laws limit the business' freedom to act, though they are intended to avoid abuse of a dominant position and ensure legal certainty.
Wiki User
∙ 11y ago
Wiki User
∙ 13y agoThe Commerce Clause grants Congress the power to regulate commerce with foreign countries, between the states and with the Indian tribes. It is intended to foster the development of a national market and free trade among the states.
Wiki User
∙ 9y agoAmerican laws affect US businesses because laws determine what businesses can and can't do. Regulations imposed on businesses serve the community at large.
Wiki User
∙ 13y agohow does the us legal system affect business and online commerce
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