How can laws ensure that markets work in a manner that is fair?
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Laws ensure that markets work in a fair manner by protecting the people from unfair practises. The two examples are. Child Labour
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Laws ensure that markets work in a fair manner by protecting the people from unfair practises. The two examples are
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.
Right against Exploitation: This law states that no one can be forced to work for low wages or under bondage.