What Are the Three Forces That Control Economic Reality? Give

question 2

Essay

What are the three forces that control economic reality? Give an example of each.

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Definitions:

Criminal Law

The body of law that relates to crimes and prescribes the punishments for criminal acts.

Legal Responsibility

The obligation to adhere to both the laws of the land and the ethical standards set by society.

State Law

Laws enacted by individual states in the United States, as opposed to federal laws applicable nationwide.

Tort Law

Tort law governs the legal process for addressing wrongful actions (not arising from contracts) that cause harm or loss, allowing the injured party to seek compensation.