"Managers often possess an attitude that separates legal issues from the strategic and operational concerns of the business. However, in a global economy where goods, services, and investments move across political borders, subjecting businesses to the growing complexity of regulation and liability in other countries, this conventional approach to legal concerns is no longer realistic." - George J. Siedel, Using the Law to Gain Competitive Advantage (2002)

1. Explain how the quote above supports the argument that all business professionals need to understand that the law is the foundation of private enterprises, private markets, and prosperity.

2. Explain how the quote above helps support why the concept of "property" is important to private enterprise and why it is thought of to be the central concept underlying Western legal systems