Question

Why are rules and regulations needed in the market?Explain with examples.(5 MARKS)

Answer 1

rules and regulation should be in market because of to control
adulteration

every business concern which goes to the market need rules and regulation

to decide price rules and regulations are important

we can see rules and regulations in market from the time of Delhi sultan's Mughals

business concern without rules and regulation is not a business concern rules and regulation


rules and regulations in all types of markets decide some type of economic growth

Answer 2

HEY DEAR
Rules and regulation are required at market place because
1.To protect consumer against exploitation.
2.Consumers are unaware about their rights.
3.Through rules and regulation people take action against such unscrupulous people.