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Commerce Semester 1 Notes
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Commerce Semester 1 Notes
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Commerce Semester 1 Notes


29 Pages Complete Study Notes Year: Pre-2018

Topics Covered: -Law and Society -Globalisation -International Aid -Trade Topic 1 – Law and Society: Rules: - Are established by groups of people to protect the rights and responsibilities of their individual members - Tell you how you are expected to behave in various situations - Are based on established customs that have evolved in a society over time - Are also based on morals and ethics and reflect the values in which a society believes Rules – regulations that are based on principles, and which govern conduct Laws: - Are based on rules, but they have more status because they are officially recognized by the state - Are created, changed and interpreted within an official government framework - The police and the courts can enforce a law Laws – a set of rules that are officially recognized by the state Whereas rules are only binding on a particular group laws apply to everyone in the community.

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