How can laws ensure that markets work in a manner that is fair?
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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.
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Answer:
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.
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