Business Law Research Paper Example | Topics and Well Written Essays - 750 words - 1

Business police - Research Paper ExampleAs a function of this, the following analysis will taste to utilize a systemic approach to melody goodity while at the same term briefly discussing the history of how it came to be and the ways in which it pervades the current economic system. Earliest business fair play dates back to the times of the first civilized societies that sought to target restraints on the manner in which goods could be traded at heart their societies. As the complexity of trade and commerce grew, so too did the constraints of oversight with relation to business. The British Empire enacted some of the highest trains of business police that had been seen previous to its existence. However, the greatest explosion of business law took place within the post industrial period. As a result of the mechanization of production and the rapidly change magnitude rates in which consumer products were integrated within the market, a whole new level of legal constraints were necessitated (Hasnas, 2007). imputable to the unethical behavior in which many actors sought to integrate these goods within the markets, it was determined, just as it is within the current time, that the best means to protect the end consumer and guarantee that a further level of take note for these bounds might be entertained. However, before extolling the virtues of these constraints to a greater degree than is deserved, it should be understood and comprehended by the reader that these constraints cannot and should not be seen as the be all and end all of legal protection from the excess and greed that the business milieu might seek to engage. Recent events such as the ponzi scheme of Bernie Madoff, the corruption of Enron, and the ways in which Lehman Brothers and a litany of other financial institution sought to attain the books with regards to the total level so debt they carried and the resiliency of their institutions should underscore the fact that oftentimes exta nt legal constraints upon business are not sufficient in order to curtail the greed and unethical nature that they of necessity exhibit. As a function of this, law and its growth and development and integration within the business environment is something that must continue to grow and evolve as the business environment itself also grows and evolves (Blodgett, 2011). Moreover, the reader should not understand business law to be the remediation of all unethical and immoral behavior due to the fact that law always acts as deterrent and lags behind the common practices that necessitate its legislation in the first place. Finally, although business law is extraordinarily important within the current environment, it cannot be stressed decorous that its importance lies not with regards to the level of penalties that exist for disregard for these laws but with relation to the extent to which the deterrence that they devise can seek to diminish the behavior that they seek to punish. This level of importance helps to underscore the fact that law and its implementation with regards to the business field exists as a means to integrate a better level of consumer representation and protection than would otherwise exist. However, protection of consumer interests is not the only reason in which business law exists. For instance, one of the largest segments of applied business law is with relation to