Question

Why are rules and regulations required in the marketplace? Illustrate with a few examples. thumbs up 4 sure

Answer 1

Rules and regulations required in the marketplace.

 

Here are points for why we need rules & regulation in the market places.

1.        For consumer Rights protections & promotion.

2.       To get know about product / services fully.

3.       To avoid the monopoly of product & price of a single manufacturer or service provider.

4.         To regulate the business environment & control the misuse of laws by loop holes in system.

5 To curb the corruption & protection of hard earn money of Investors.

Answer 2

Price tagging should be on every product as many seller try to gain profit from consumers
The expiry date is also very important as sellers try to sell their expired products to protect theirs from loss
The mentioning of ingredients are important and should be checked by the health association to protect the consumers.