Law and Economy individually have immense importance in the development of a Nation. Bentham may have begun the field of Economic analysis of law as it was observed that his writings contain analysis of property law and a treatment of legal process. Economic evidence and principles play a major role while making the law. Primary objective of law is to provide basic rights to human and by Economic Analysis of law. Economics gives a better way to deal with human behaviour and get a good grasp on human behaviour. Economic Laws are beneficial for the nation and is considered to be very important for the development of nation. Without Economic Analysis of law, we cannot make better policies for the citizens of the nation.
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