मराठी

Why are rules and regulations required in the marketplace? Illustrate with a few examples. - Social Science

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प्रश्न

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

Describe the conditions in which markets do not work in a fair manner.

लघु उत्तर
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उत्तर

  1. Rules and regulations are required in the marketplace to protect consumers.
  2. Sellers often abdicate responsibility for low-quality products, cheat by weighing out goods, add extra charges beyond the retail price, and sell adulterated/ defective goods.
  3. Hence, rules and regulations are needed to protect scattered buyers from a few powerful producers who monopolise markets.
  4. For example, a grocery shop owner might sell expired products and then blame the customer for not checking the expiry date before buying the items.
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जे. पी. गोयल आणि कौशल गोयल Economic Applications [English] Class 9 ICSE
पाठ 12 Consumer Awareness
QUESTION BANK | Q 19. | पृष्ठ १६९
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