Constitution Law and business Research Paper Example | Topics and Well Written Essays - 250 words

Constitution Law and business - Research Paper Example However, constitutional laws bear significant impacts on how businesses are conducted, the nature of businesses as well as their scope. For instance, the U.S, Constitution governs businesses through the Commerce Clause while most of Germany’s commercial law is affected by the European Union’s legislation. In the end, constitutional laws on businesses will ultimately impact on the economic performance of the respective countries. The U.S constitution was ratified in 1788. Despite this passage of time, it has continued to evolve in tandem with the needs of the changing culture and economic environment. The U.S constitution generally regulates business through the Commerce Clause enshrined in Article 1, Section 8 and Clause 3 (Bahners, 2014). The German Republic’s constitution is sometimes referred to as the Basic Law for the Federal Republic of Germany. It has been in existence for about 60 years. In this duration it has been amended 55 times. For instance, in 2009, Germany’s constitution was amended to effect the debt break (or Schuldenbremse). Bahners (2014) states that this law applies to both the federal government as well as the Lander (individual states). Germany is a federal government like the United States. However, the jurisdiction of the German constitution in relation to business is affected by among other sources, the European Union’s regulations on trade and preferential trade area agreements (Bahners, 2014). Though similarly a federal government, the U.S Congress is accorded with the final authority to regulate business and commercial activities between itself and foreign nations. Therefore, both federal and state governments play roles in regulating commercial activities on the domestic and international stages (Allmendinger, 2013). The U.S state and federal governments share equal authority to