Roles & Functions of Law

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Melanie S


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March 19, 2016








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The different areas of law include but are not limited to, antitrust, contracts, employment, securities regulation and many other areas of law. In an effort to prevent failure and to regulate business, the government frames various laws. The government's role in helping regulate the way business is conducted may include: A) Determination of the conditions under which individuals or groups would be permitted to enter certain lines of business or avail of public facilities and scarce resources...
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In the State of Oklahoma, there is the Oklahoma Tax Commission; they regulate such information as state withholding, sales tax and tourism tax and many other type of taxes. In addition, in Oklahoma there is the Oklahoma Employment Security Commission, which regulates the state unemployment. On a national level, there is the Internal Revue Service, which regulates federal withholding and federal unemployment...
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