Understanding the Distinction Between Law, Government, and Regulation
Laws, government, and regulations play unique roles in society. Laws are established by governments, regulations enforce laws, and government entities oversee the implementation of both. This presentation delves into their definitions, highlights the differences between them, and emphasizes the critical role each plays in maintaining order and structure within a society.
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Libyan International University Faculty of Business Administration The Difference Between Law, Government and Regulation Name: Heba Kambraki 3754 Email: Heba_3754@limu.edu.ly
TABLE OF CONTENTS 01 02 Introduction Definitions 03 04 Difference Conclusion 04 06 05 References Reflection 2
Learning Objectives By the end of this presentation you ll be able to : Define Law. Define Government . Define Regulations . Describe the difference between the Law , Government , and Regulations. 3
INTRODUCTION Laws and regulations are very different. Laws are made by governments, but regulations are applied to ensure and enforce them. It has the ability to uphold and regulate the laws that govern people. 4
Definition of Law Any written or positive rule or collection of rules prescribed under the authority of the state or nation, as by the people in its constitution. statutory law. Compare by law, 5
Definition of Government A government constitutes a group of people who officially country. It makes laws, rules and regulations, collects prints money govern a taxes, and 6
Definition of Regulation Regulation imposition of rules by government, backed by the use of penalties that are intended specifically to modify the economic behavior of individuals and firms in the private sector is broadly defined as 7
Difference between law, government, and regulation Laws are also rules that govern everyone equally, while regulations only effect those who deal directly with the agency who is enforcing them. Also Regulation can be conceived as that governance that is about steering the flow of events and behavior, as opposed to providing and distributing. large subset of 8
Conclusion Laws and regulations differ significantly. Governments create laws, but regulations are used to protect and maintain them. It is capable of keeping and following the law that control people. 9
Reflection Laws, government, and regulations are connected in so many ways but also differs in so many other ways but it s important to have all three of them in a business. 10
References Nikita. between law and regulation. Difference between Law and Regulation | Law vs Regulation. Retrieved from http://www.differencebetween.info/differ ence-between-law-and- regulation#:~:text=Laws+are+rules+that+ar e,social+institutions+to+govern+behavior (2015, August 14). Difference January 4, 2023, Can regulation and governance make a difference? - wiley online library. (n.d.). Retrieved January https://onlinelibrary.wiley.com/doi/pdf/10.1 111/j.1748-5991.2007.00006.x 4, 2023, from 11
