Title: Chapter 43 Flashcards | Quizlet
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Chapter 54 - International Law

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Introduction to Administrative Law and Regulatory Agencies
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Businesses are generally free to produce goods or services, enter into contracts, and otherwise conduct business as they see fit. However, businesses are subject to substantial federal, state, and local government regulation. Government regulation is designed to protect employees and the public from unsafe and abusive practices by businesses. Many times when a regulatory statute is enacted, an administrative agency is created to enforce the law. Regulatory agencies—and the industries, businesses, and professionals they regulate—are governed by a body of administrative law. Because of their importance, administrative agencies are informally referred to as the fourth branch of government. Click again to see term 👆
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Administrative law
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is law enacted by governments that regulate industries and businesses and professionals. are often referred to as regulatory statutes. Click again to see term 👆
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