Question

What policy is adopted by the government to check black marketing arising due to price control?

Answer 1

Answer:

yes , because policy is adopted by the government to check black marketing arising due to price control economic conditions

Answer 2

Answer:

The government has implemented a dual-price strategy to combat black marketing caused by price restrictions.

Explanation:

• Black marketing is defined as the illicit trading of products and services with the express purpose of evading the legal restrictions of such transactions.
• Black marketing is defined as a circumstance in which a vendor illegally charges a price for a certain commodity that is much higher than the regulated price.
• Tax evasion is a common method used to raise the price above the restricted price or drop the price below the normal.
• A dual-price strategy can help to alleviate the problem of black marketing.
• In this strategy, a portion of the given good's production is sold at a control price through fair pricing shops, while the remainder is sold at the market price, which is decided by the forces of demand and supply.

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