Do you think price regulation is needed in India? Give two arguments in favour of price regulation.
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Answered by
45
yes, because -
. in Indian market artificial scarcity is created by shopkeepers to raise the price of goods.
.price regulations are also needed to prevent the consumer exploitation.
. in Indian market artificial scarcity is created by shopkeepers to raise the price of goods.
.price regulations are also needed to prevent the consumer exploitation.
Answered by
17
1. essential products like foodgrains would become unaffordable to the poor if left unregulated. Thus prices are regulated through the PDS system
2. To stop the monopoly power of the seller or producer
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