8th Class Social Science Law and Social Justice

  • question_answer 4)
     How can laws ensure that markets work in a manner that is fair? Give two examples to support your answer.  

    Answer:

     Most of the time markets exploit the consumers. To protect people from such exploitation, the government make certain laws. These laws try to ensure that the unfair practices are kept at a minimum in the markets. For example, private companies, contractors in the drive for profits might deny workers their rights and not pay them proper wages. To ensure that workers are not underpaid, or are paid fairly, there is a law on minimum wages. Laws have also been made to check adulteration, black-marketing etc.  


You need to login to perform this action.
You will be redirected in 3 sec spinner