The rule of law is an importance concept that can impact a firm's ability conduct business.

Part 1: What is the definition of the Rule of Law?

Part 2: Why is rule of law important for businesses? Please support your answer with specific 2 examples of how rule of law can negatively impact business operations.

Part 3: Respond to two of your classmates with specific suggestions on how the negative impact of rule of law could possibly be overcome.