Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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economics for lawyer
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Step 1
The law and economy communicates in various ways. Economics and lawyers is the economic survey of law by the lawyers which includes implementation of microeconomics theory to the measurement of law. The concept of economics are used to explain the effects of laws to evaluate which legal rules are economically structured and to predict which legal rules will be publicize. The private law assists individuals and groups who are willing to enter into a free market by signing an agreement. The public law shows the correction in outcomes of a free market operations by means of economic and social regulation.
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