Question

how can laws ensure that market work in a manner that is fair? give two example​

Answer 1

Answer:

Laws ensure that markets work in a fair manner by protecting the people from unfair practices. The two examples are

1. Child Labour Prevention Act: This law states that no child below the age of 14 years shall be employed to work in any factory or mine or engage in any other hazardous employment.

2. Right against Exploitation: This law states that no one can be forced to work for low wages or under bondage.

Explanation:

Answer 2

Explanation:

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.