Attitude of Legal – Economical Aspects of the Society

Law has been always beside economy and indeed continued in its existence in human’s life parallel to economy. In this sense, a new branch has been developed entitling Economical analysis of law or economic outlook. Law also plays a role in business and economy. Sometimes they get the same concept; hence, we cannot pass the influence of business laws on economy (and vice versa) easily. Generally, today’s society is going toward merging forms of legal rules using economic outlook. On the other hand, economic outlook limited to just legal aspects without considering its consequences can make troubles in future. In this study, it has discussed about the relationship between law and economy, influence of economic outlook on law, a brief hint to significance of business and business rules in economy, and finally the need of economy to merging legal rules in order to achieve economical development and the global economy.