Answer:-
Business law encompasses the legal rules and regulations that govern commercial interactions and activities within a society. It covers a wide range of topics, including contracts, employment law, intellectual property, taxation, and corporate governance. Essentially, it provides a framework for businesses to operate ethically and legally while protecting the rights and interests of all parties involved. Whether it's setting up a company, negotiating contracts, resolving disputes, or ensuring compliance with government regulations, business law plays a crucial role in shaping the landscape of commerce and ensuring fair and orderly conduct in the business world.
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