who can laws ensure that markets work in a manner that is fair give example
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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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ʟᴀᴡs ᴄᴀɴ ᴇɴsᴜʀᴇ ᴛʜᴀᴛ ᴍᴀʀᴋᴇᴛs ᴡᴏʀᴋ ɪɴ ᴀ ғᴀɪʀ ᴍᴀɴɴᴇʀ. ᴛʜᴇ ғʀᴇǫᴜᴇɴᴛʟʏ ᴜᴘɢʀᴀᴅᴇᴅ ᴍɪɴɪᴍᴜᴍ ᴡᴀɢᴇs ʟᴀᴡ ᴇɴsᴜʀᴇs ᴛʜᴀᴛ ᴡᴏʀᴋᴇʀs ᴀʀᴇ ɴᴏᴛ ᴇxᴘʟᴏɪᴛᴇᴅ ᴀɴᴅ ᴏᴠᴇʀ-ᴡᴏʀᴋᴇᴅ ʙʏ ᴄᴏᴍᴘᴀɴɪᴇs ᴛʜᴀᴛ ʜɪʀᴇ ᴛʜᴇᴍ. ᴀʟsᴏ, ᴀ ʟᴀᴡ ᴋᴇᴇᴘɪɴɢ ᴄʜᴇᴄᴋs ᴏɴ ᴛʜᴇ ǫᴜᴀʟɪᴛʏ ᴏғ ᴘʀᴏᴅᴜᴄᴛɪᴏɴ ᴍᴀᴋᴇs sᴜʀᴇ ᴛʜᴀᴛ sᴜʙ-sᴛᴀɴᴅᴀʀᴅ ɢᴏᴏᴅs ᴅᴏ ɴᴏᴛ ᴇɴᴛᴇʀ ᴛʜᴇ ᴍᴀʀᴋᴇᴛ.
ᴘʟᴇᴀsᴇ ᴍᴀʀᴋ ᴍᴇ ᴀs ʙʀᴀɪɴʟɪᴇsᴛ
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