Final answer:
The Rule of Law is the principle that ensures everyone in society adheres to laws, regardless of their power or position. This concept safeguards fundamental rights and is a commitment in a social contract, where both the people and the government abide by set rules.
Step-by-step explanation:
The principle that every member of society, including the ruler, must follow the law is known as the Rule of Law. This concept ensures that no individual or group is above the law, and everyone must adhere to it, irrespective of their position or power. The Rule of Law is intrinsic to maintaining a fair and just society.
In the context of social contract, the rule of law signifies a voluntary agreement where the people agree to abide by specific rules and in return, the government of that territory acts within certain standards, limiting itself. Hence, the Rule of Law sustains the balance of power, preventing the emergence of tyrannies and dictatorships.
The differences between Rule of Law and Rule by Law further highlight its significance. The Rule of Law means no one is above the law while Rule by law infers those in power manipulate the system to increase their power. In a society built on the Rule of Law, the laws are applied evenly, and they protect fundamental rights like the security of persons and property and certain core human rights. Hence, it forms the bedrock of democratic nations.
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