Journal of Economics and Economic Education Research (Print ISSN: 1533-3590; Online ISSN: 1533-3604)

Abstract

Understanding Economic Law: How Legal Frameworks Shape Market Behavior

Author(s): Victor Ouyang

Economic law plays a crucial role in shaping the rules, norms, and structures within which markets operate. From regulating competition and protecting property rights to overseeing financial systems and consumer protection, legal frameworks influence the behavior of market participants in profound ways. This article explores the core components of economic law, examines its impact on market efficiency, fairness, and stability, and analyzes how well-designed legal structures foster growth and confidence in both domestic and international markets. Emphasizing the importance of transparent and enforceable legal systems, the article offers insights into how economic law shapes modern economies.

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