What is the solution to avoid black marketing of essential goods in short supply?
Answers
Answer:
The Essential Commodities Act,1955 is a law that prohibits hoarding and black marketing of essential commodities.
If the Central government finds that the price of a certain commodity is shooting up due to short supply, it orders the State Governments and Union Territories to fix the stock-holding limit of that commodity for a fixed period.
Whoever sells this item, be it a wholesaler, a retailer or an importer, is prevented from stocking more than a certain quantity so that black marketing does not occur and price does not rise.
Explanation:
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Answer:
12th February, 1980.] An Act to provide for detention in certain cases for the purpose of prevention of blackmarketing and maintenance of supplies of commodities essential to the community and for matters connected therewith.
Explanation:
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