Why is business law so important?


Quick Answer

Business law is an important topic to understand due to how intertwined business transactions are with society. Any regulation or legal rights that affect employers, employees, and consumers, as well as how businesses interact internationally, are considered topics of business law.

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Full Answer

Technology's influence on business and financial transactions are covered by business law as well as the rights of privacy regarding computers in the workplace. Contract law is also covered, which can be important to understanding the complex interactions between individuals under the law and the rights that buyers and sellers can exercise. Concepts like employment and property rights fall under business law. That knowledge can help find which laws and regulations are the most effective at accomplishing an intended goal, as laws change per state.

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