CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

How can laws ensure that markets work in a manner that is fair? Give two examples to support your answer.

Open in App
Solution

Laws can ensure that markets work in a fair manner. The frequently upgraded Minimum Wages Law ensures that workers are not exploited and over-worked by companies that hire them. Also, a law keeping checks on the quality of production makes sure that sub-standard goods do not enter the market.


flag
Suggest Corrections
thumbs-up
238
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Protection of Workers' Rights
CIVICS
Watch in App
Join BYJU'S Learning Program
CrossIcon