Economic analysis can be done throughout the society as in finance, business, government,
health care, family, education, science, religion, law, and politics and so on. Economics is
the science that studies the human behavior as a relationship between two persons who have
law. To explain the effects of law the economic concepts are used in which the legal rules are
economically efficient and it will predict which legal rule is suited. There are two ways in
analysis of law first one is the theoretical analysis on efficiency. This is the simple and easy
term and the legal situation will be efficient if the right thing is given to the opposite party who
will pay for it. Law and economics stresses that the economic markets are more efficient than
courts and it is important that there are two different theories of legal efficiency and law scholars
support both arguments. The private legal system should perform three facts that belong to
property rights. Those are the system should define the property rights, the system should allow
the proper transfer, and the system should protect the property rights.
More investments with real estate
Real estate is the land property or the building on the land along with the natural resources like
trees, water, minerals and crops. Immovable properties of this nature have come under this
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