Inter Relationship of Economic, Political and Legal Systems

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Thank you for downloading this extract from our ExPedite notes to accompany your free online “Course in a Coffee Break”. To download a free complete set of our ExPress notes please visit www.theexpgroup.com. Good luck with your F4 studies. ACCA Paper F4 Corporate and Business Law For exams in 2010 theexpgroup.com ACCA F4 Corporate and Business Law ExPedite Notes Chapter 1 Economic, Political and Legal Systems The examiner has stated that in the exam, you may be required to:      Explain the inter-relationship of economic and political and legal systems (application level). Explain the doctrine of the separation of powers and its impact on the legal system (application level). Differentiate between different types and…show more content…
In theory the executive implements rather than creates, the law and is subject to the scrutiny of the legislature and the judiciary. In reality, the executive has often over time become considerably more powerful than written constitutions probably originally intended the office to be. The constitution of the United States makes it clear that the legislature is intended to be more powerful than the president, although the presidency has grown considerably in power since the foundation of the country. The legislature cannot pass laws without the approval of the legislature, however. For significant laws, the legislature must normally actively vote to approve a law. For minor laws which may be passed by direct order by the executive (by “statutory instrument”), these may be challenged and held back by the legislature if they are considered to be unwise or beyond the executive‟s proper power by the legislature. The reality of political control over the legislature it is sometimes claimed that the executive has become too powerful. For example, members of parliament may be reluctant to vote against legislation that a prime minister proposes, since the prime minister may choose to give members of the legislature ministerial positions. Once again this has been particularly claimed in relation to the United Kingdom constitution where some have suggested that the legislature is under the firm control of
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