Question

why are rules and regulations required in the marketplace? illustration with a few examples.

Answer 1

Rules and regulations are required in the marketplace because these rules are opposed by Indian government in India especially by consumer department for promoting the interest of consumers in market and also for preventing us from exploitation of marketers like some of shopkeepers sells us adulterated and impure products to us so at this type of situation rules and regulations only help us that's why it is important.

Answer 2

ello❤️❤️

here is ur answer-

ɪɴ ᴛʜᴇ ᴍᴀʀᴋᴇᴛᴘʟᴀᴄᴇ, ʀᴜʟᴇs ᴀɴᴅ ʀᴇɢᴜʟᴀᴛɪᴏɴs ᴀʀᴇ ʀᴇϙᴜɪʀᴇᴅ ᴛᴏ ᴘʀᴏᴛᴇᴄᴛ ᴛʜᴇ ʀɪɢʜᴛs ᴏғ ᴛʜᴇ ᴄᴏɴsᴜᴍᴇʀs ᴀɢᴀɪɴsᴛ ᴛʜᴇ ᴇxᴘʟᴏɪᴛᴀᴛɪᴏɴ ᴏғ ᴛʜᴇ ʀᴇᴛᴀɪʟᴇʀs. ɪɴ ᴛʜᴇ ᴍᴀʀᴋᴇᴛᴘʟᴀᴄᴇ, ɪɴᴅɪᴠɪᴅᴜᴀʟ ʙᴜʏᴇʀs ғɪɴᴅs ᴛʜᴇᴍsᴇʟᴠᴇs ɪɴ ᴀ ᴡᴇᴀᴋ ᴘᴏsɪᴛɪᴏɴ, ᴛʜᴇʀᴇғᴏʀᴇ, ᴛᴏ ᴄᴏᴍғᴏʀᴛ ᴄᴏɴsᴜᴍᴇʀs ɪɴ ᴛʜᴇ ᴍᴀʀᴋᴇᴛ ᴘʟᴀᴄᴇ, ᴛʜᴇ ɢᴏᴠᴇʀɴᴍᴇɴᴛ ʜᴀs ᴛᴏ ᴇɴᴀᴄᴛ sᴏᴍᴇ ʀᴜʟᴇs ᴀɴᴅ ʀᴇɢᴜʟᴀᴛɪᴏɴs. ғᴏʀ ɪɴsᴛᴀɴᴄᴇ, ᴡʜᴇɴᴇᴠᴇʀ ᴛʜᴇʀᴇ ɪs ᴀɴ ᴀɴᴀʟʏsɪs ʀᴇɢᴀʀᴅɪɴɢ ᴛʜᴇ ϙᴜᴀʟɪᴛʏ ᴏғ ɢᴏᴏᴅ ᴏʀ sᴇʀᴠɪᴄᴇ ᴛʜᴀᴛ ʜᴀᴅ ʙᴇᴇɴ ʙᴏᴜɢʜᴛ, ᴛʜᴇ sʜᴏᴘᴋᴇᴇᴘᴇʀ ᴛʀɪᴇs ᴛᴏ sᴜʙsᴛɪᴛᴜᴛᴇ ᴀʟʟ ᴛʜᴇ ᴄʜᴀʀɢᴇ ᴏɴ ᴛᴏ ᴛʜᴇ ᴄᴏɴsᴜᴍᴇʀ.