why is there a need to regulate prices
Answers
Answered by
23
other wise there will be no value for money
Answered by
46
Price regulations is imposed by the Government in order to protect its citizens especially from fraudsters and other selfish entrepreneurs who might want to over charge local people. If Government chose not to regulate prices, then every business person can come up with their own prices and will affect both the citizens and the economy negatively.
Similar questions