Business Law

Running head : Role of ConstitutionRole of Constitutitution and wakeless System in Business RegulationNameSchoolProfessorCourseAbstractIn this world , people be dependent on the commercial activities People s activities are affected by job and so is the the government . This is the reason that rail linees sh each be set upd by tellingRole of Constitutitution and effective System in Business RegulationIntroductionIn a confederation , calling plays a vital role . The economy of the terra firma is dependent upon medico as a whole . to the highest degree people s involve , from basic needs to job and move growth smong differents , are dependent on the activities of business . each business is also dependent on human s needs and desire . More importantly , it is the backbone of the nation s economyIn a democratic country , where business opportunities are open to each capaciatated . In the business world , there are various players . It is also unavoidable that tensions and competitions occur among businesses More than that , there are also possible abuses to business like labor abuses , evaluate evasions , and other fraudulent activities . By reason of these , the Constitution and other rightfulness provided provisions that are to be mandatorily sight by the people in the business world Businesses exit also be regulated to check if their goods are authorized subject for commerce . Additionally , by virtue of the arrangement and the legal system , businesses will be protectedBodyThe fundamental law of the land has laid down provisions that will point the every government entity and the businesses as well in their acquit in the society . In Sec . 8 , graphics . I of the US Contitution , it states , in part , the Congress shall postulate power to lay and collect taxes , duties , imposts and excises , to pay the debts and provide for the prevalent defense and general welfare of the United States but all duties imposts and excises shall be uniform throughout the United States (Find Law for Legal Professionals , 2008 .

It further provides that Congress have the power to regulate commerce with foreign nations , and among the several states , and with the Indian tribes (Find Law for Legal Professionals , 2008 . thus , the Constitution has bestowed upon the national government the right to regulate business , and that commerce is mandated to be regulated . Notably , the power to regulate encompasses the the prescription of rules and conditions that has to be complied of in carrying out business act . In addition , the prices of the goods in the market and the terms by which the sale governs is also regulated by Congress . Congress can even extend its power in regulate interstate commerce to the extent of proscribing and punishing the use of commerce that promote immorality , dishonesty , or anything that may imbue evil and harm to the general public (Find Law for Legal Professionals , 2008 .The Constitution also laid down the jurisdiction of the federal government and that of the state government . Under the said provision the state is responsible for regulating and hearing business cases inwardly its b (Find Law...If you want to get a full essay, separate it on our website: Ordercustompaper.com

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