1. What kind of society do we live in?

Based on the text, the society described is one where laws govern our conduct, regulate business affairs, safeguard personal property and lives, and resolve disputes. It also aims for fairness, recognizes basic individual rights and freedoms like liberty and equality, and ensures that strong groups do not take unfair advantage of weaker individuals. In a democracy, laws must reflect the changing needs of society.

Answer: We live in a society governed by laws that aim for fairness, protect rights and freedoms, and adapt to changing societal needs.