Business English Meaning

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Offices within the Los Angeles Downtown Financial DistrictA very detailed and well-established physique of rules that advanced over a very lengthy time frame applies to industrial transactions. The need to regulate trade and commerce and resolve business disputes helped shape the creation of legislation and courts. The Code of Hammurabi dates again to about 1772 BC for example and contains provisions that relate, among different issues, to transport costs and dealings between merchants and brokers. The word “company” derives from the Latin corpus, meaning body, and the Maurya Empire in Iron-Age India accorded legal rights to business entities.

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