Question

why is there a need to regulate prices

Answer 1

There i a need to regulate prices because India is not a rich country like UAE that's why Indians economy is low they're people who don't even eat both times and this problem is in many countries.
So prices should related

Answer 2

Regulating prices are required to manage the economic status of the country.

Explanation:

• The prices are monitored to maintain the financial status of the country.
• This helps in formulating the financial situation in all forms of society.
• It is also useful to strengthen the weak sections of the society.
• If the prices have remained the same, then there will be very less chances or opportunities to bring inventions and innovations.
• It is also necessary to bring equality and stability in the business industry.

To learn more about Economic status:

Why do you think the social economic situation of all citizens is not equal? explain.

https://brainly.in/question/1471234

Explain four contributory factors for poor economic status unable to buy basic necessities

https://brainly.in/question/11966242