What is Law

The video discusses the broad concept of law, emphasizing its role as societal norms that guide behavior and build trust. It explains the rule of law, which ensures equality and justice, and highlights how law influences business and economic activities by providing a framework for rights enforcement. The video concludes by summarizing the impact of law on societal progress.

In what ways does law provide confidence in business transactions?

How do societal norms and laws contribute to economic progress?