what are the three fundamental concepts and principles of the american legal system pertaining to business env

Answer 1

I am not a lawyer, but I play one on TV. Just kidding.

I am a business student so I will put my two cents in:

Three fundamental concepts and principles of the American legal system pertaining to the environment of business:

Law goes back into history...we base it on established accepted principles: before we were a country many standards were already set by the British government and in the books by precedents.

One of those goes all the way back in time to the theory of economics based upon ideas of Adam Smith in his book "The Wealth of Nations". That principle is:

It is the responsibility of business to make a profit, and anything else would be considered blasphemous.

This set into motion the principles of how companies need to make money and the attitude of the French towards their workers...which was in essence to take every advantage of them for the sake of business.

In the past this took the form of abuse in the garnment industry, the Triangle Fire resulted in laws that protect the envioronment that workers are forced work in. Usually they were beat up if they had to go to the bathroom, the doors were locked so they had to work, and in the Auto industry they hired "Lip readers" that would stand post and watch the workers and see who was talking about joining the unions. They would be taken care of.

So laws were established in business for the sake of the workers to protect them from cruel industires that exploited them. This included Coal Miners, Farmers, Garnment workers, Auto Workers ect...and a lot of children who were forced to work 16 hours plus for pennies an hour.

The developments of the Union led to the peoples rights to join a union. Today Wal-mart workers voted to have a Union in represent them because they were being abused. Long hours with no overtime pay, being forced to do lots of extra work. No breaks, minimum wages and less.

So protection of the workers by the Union is a concept, but for the Wal-mart Workers....Wal-mart decided to eliminate the union and closed the store down.

Finally the last fundamental concept that I could think of would be is the rights of individual freedome, not exclusion because of race, religion, sexual preference, age, or handicaps. But...don't think for a minute that companies cannot try and skate against the law and practice discrimination.

Take age for instance, on an application they cannot ask how old you are, but they can ask when did you graduate from high school, when did you attend college, ect.

As long as prejiduce exists, so will it also exist in the business envioronoment agaist the fundamental concepts that we are protected to us by the Constituiton of the United States of America.

We live in the land of "Life, liberty, and the pursuit of Happiness" but we never were promised a "minimum wage, or a living wage"

Companies like Wal-mart , continue to abuse their employees and live under the principles of Adam Smith in his book, The Wealth of Nations. But even he said that it is the responsibility of business to pay its workers a fair wage, in order that they can in turn become consumers, raise families, and support business.

If you work for Wal-mart, along with their application, they give out forms for government foodstamps, and health care benefits that they refuse to pay.