Law is the set of rules that regulate behavior and are enforced by governmental and social institutions. Its exact definition is a matter of debate. Different schools of thought describe it differently, but generally, law can be considered a science, an art, or a combination of both. Its purpose is to protect and promote human rights and liberties, and to protect individuals and the community from abuse.
Competition law deals with how businesses and individuals conduct business and protect the consumer. It has a long history and traces back to Roman decrees against price fixing and the English restraint of trade doctrine. Today, this type of law controls businesses that manipulate the market by limiting competition. It also regulates the use of resources such as energy, gas, and water.
While there are many types of law, the term “law” refers to a broad category of rules that govern the conduct of individuals and organizations. A dictionary or thesaurus can contain information on laws. For example, you can search for “laws” in the medical and financial dictionary. These laws are set forth by the controlling authority and are enforceable against violators. In the United States, laws are made by state and federal legislatures, judges, and administrative agencies.
Religions have different systems of law, including those that are based on the Bible. Christian canon law, for example, has survived for centuries in some church communities.