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Economics is a science. Like other sciences, it has its own laws. but the word 'law' is sometimes misleading. it is used in many different meanings. there are
1- State Laws.
2- Moral Laws.
3- Laws of conduct for games, debates etc.
4- Scientific Laws.
Economic laws are a kind of scientific laws.
An Economic law is a generalisation relating to the economic behaviour of the people, which shows relationship between some cause, and its effects.
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∙ 12y ago
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In the US what role does the government play in the economic system?
the government enforces economic laws and regulations
How did the enlightenment change economic thinking?
what were economic ideas of the enlightenment
What are laws to regulate the economic and social life of freedmen?
Black Codes is your answer.
What law directly affects my economic choices?
Supply and demand.
What three key economic decisions must every economic system make?
The three key economic decision of every economic system are price, how much to produce, and where to sell the product. This follows the principles of the laws of supply and demand.
What are the workers compensation laws for hospitals?
Workers compensation laws differ from country to country. The laws for hospitals do not differ very much from the workers compensation laws for other businesses.
What group of people are affected by economic laws?
Everybody no matter what group they are in is affected by economic laws.
How old do you have to be when you drive?
It depends on where you live. The laws differ from country to country and for the US the driving age laws differ from state to state.
how do the labor laws in Arizona differ from those in other states?
The labor laws in Arizona are in line with most of the country. Arizona has a great climate but the economy has suffered lately.
Do laws differ from state to state?
yes
How is the code of Hammurabi different from your laws?
Modern laws differ in many ways. Back then, there were no internet laws of transit laws.
What kind of laws is congress prohibited from passing?
The chic and the other is a great way for me is to make a living wage is not be a
How did hammaurabis code differ from earlier sumerian laws?
The varius Sumerian laws came form similar cultures in a relatively small geographical area. They have passages which resemble each other.
How did the united provinces of the Netherlands differ from neighboring states?
their laws
How did the united provinces of the Netherlands differ from the neighboring states?
their laws
How did Hammurabi's code differ from earlier summerian laws?
ni
Road traffic laws and how they differ in each state?
The traffic laws are state regulated. Therefore, each state is in charge of the speed limit, violations, and other road rules and regulations drivers must follow.
