Rule of law is a principle under which all persons, institutions, and entities are accountable to laws that are:
Publicly promulgated.
Equally enforced.
Independently adjudicated.
And consistent with international human rights principles.
Accordingly, the rule of law encompasses the following four universal principles: “the government and its officials and agents are accountable under the law; the laws are clear, publicised, stable and fair, and protect fundamental rights.
There are 4 basic market models: pure competition, monopolistic competition, oligopoly, and pure monopoly. ... The best examples of a purely competitive market are agricultural products, such as corn, wheat, and soybeans.
