What is rule of law and examples?

The rule of law is a principle that asserts that all individuals and institutions are subject to and accountable under the law, which must be fairly applied and enforced. It ensures that laws are publicly promulgated, equally enforced, and independently adjudicated, protecting fundamental rights and liberties. Examples include the enforcement of legal contracts in business, the prosecution of criminal activities regardless of the offender's status, and the judicial review of government actions to ensure they comply with constitutional provisions. This principle is foundational for a functioning democracy and the protection of human rights.