Environmental laws can affect the way a business operates. For example, we should take a wood-cutting business as an example. This lumber business needs to cut down trees in a given area to create planks, fuel, etc. to sell to make a profit. However, the government instituted a set of environmental laws that <em>limit</em> the amount of trees that may be cut down in an area of the forest, including the area this lumber business operates. This decreases the amount of supply the business can incur, and can lead to loss of business as well as the business going bankrupt.
Without an compromise with businesses, the environmental law may force the business, which leads to the business closing and the loss of jobs. On the other hand, cutting down too much trees would result in deforestation as well as the destruction of the ecosystem.
If an environmental law is in place were a business wants to put there factories up they won’t be aloud to . For example if there is an endangered species living there and Publix wants to build a store there they will not be aloud to .
Precedent refers to a court decision that is considered as authority for deciding subsequent cases involving identical or similar facts, or similar legal issues.
