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Research Assignment for BLB1101 ID no : 3638756 Word Count: 2,249 words (excluding footnotes and Bibliography) Question 1: Justice in the context of economics Introduction Law affects every aspect of human life. In its broadest sense, the word 'law' includes the forces of nature that determine the physical environment in which each individual will live, and the moral laws that regulate how the individual must behave dealing with other people.1 In its narrowest sense, the word 'law' includes only governmental laws, which are the rules and policies made by government and their interpretations (referred to as 'legal policies').2 There has been no period in legal history when the law has remained completely static. The pace of change has varied over time but society itself has changed and thus the legal needs of society also changes.3 Today, these changes are supported by an ideology of market economy and this particular ideology significantly causes impacts on the...

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