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| consists of enforceable rules governing reltionships among individuals and between individuals and their society |
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| the law as expressed in these constitutions |
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- laws enacted by legislative bodies at any level of government, such as the statues psse by Congress or by state legislatures, make up the body of law
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| statutes (laws,rules, orders) passed by municipal or county governing units to govern matters not covered by federal or state law |
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| helps with the difficulties for businesspersons conducting tradeand commerce among the states |
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| consists of rules, orders, and decisions of administrative agencies |
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| a federal, state, or local government agency established to perform a specific function |
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exist within the cabinet departments of the executive branch
Ex. Food & Drug Administration is within the U.S. Department of Health an Human Services
- executive agencies are subject to the authority of te president
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| Independent Regulatory Agencies |
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- at the federal level, including the Federal Trade Commission, the Securities and Exchange Commission, and the Federal Communications Commission
- president's power is less pronounced
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