Law is the body of rules that govern society. It also has a great influence on politics, history, economics, and society. It also serves as a mediator between people. There are many different types of laws. There are common law systems. Common law systems recognize decisions of the executive branch and courts as “law” and include the doctrine of precedent. Civil law systems, on the other hand, incorporate legislative statutes and judicial decisions. The judicial decisions in civil law systems are usually shorter and less comprehensive than in common law systems.
Regulation involves rules and guidelines that govern the provision of public services or utilities. Water law, for example, is a form of regulation. In recent years, privatisation of services has de-regulated these areas of law. However, the new private companies performing government-controlled jobs have been required to meet certain standards of social responsibility. Examples of regulated industries include energy, gas, water, and telecoms.
The rule of law is a fundamental principle that protects the rights of citizens. It also ensures that government officials and citizens alike follow the laws of their country. It ensures that no one is above the law and everyone has access to protection. Although the rule of law is an important concept, it is not always easily understood by everyone.
The rule of law is a core value of liberal political morality. It is a central component in a set of values that includes democracy, human rights, social justice, and economic freedom. Because the range of values in liberal political morality is wide, there are different ways of evaluating a system. While some legal philosophers say that Rule of Law and democracy are not the same, others insist that Rule of Law and democracy are complementary.