question_answer

Give two arguments in favour of regulating the prices in India.                                         [Delhi 2006C]

Answer:

Need for Regulating Price - Sometimes, traders whose main aim is to earn more it, raise the prices by illegal ways. If there is no increase in wage for workers who are also consumers in the market, they cannot buy goods. When these goods. When to be essentials such as wheat, rice, etc. this creates problem for the people. This necessitates the need for regulation of traders and keeping a close watch on them by the government.