Economic law

For other uses, see Economic law (disambiguation).
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Economic law is a set of legal rules for regulating economic activity.[1][2] Economics can be defined as "a social science concerned with the production, distribution, and consumption of goods and services."[3] The regulation of such phenomena, law, can be defined as "customs, practices, and rules of conduct of a community that are recognized as binding by the community", where "enforcement of the body of rules is through a controlling authority."[4] Accordingly, different states have their own legal infrastructure and produce different provisions of goods and services.

  1. ^ Ferdinand Joseph Maria Feldbrugge, Gerard Pieter van den Berg, William B. Simons (1985) "Encyclopedia of Soviet Law", BRILL, ISBN 90-247-3075-9
  2. ^ O. S. (Olimpiad Solomonovich) Ioffe, Mark W. Janis (1987) "Soviet Law and Economy", Martinus Nijhoff Publishers, ISBN 90-247-3265-4
  3. ^ "Economics". Investopedia. Retrieved 2022-03-22.
  4. ^ "law". Britannica. Retrieved 2022-03-22.