Q. 74.0( 2 Votes )
How can law
Laws ensure that market work in a manner that is fair by protecting people from unfair practices. This can be explained with the help of the following examples:
a) it is the duty of the government to regularly inspect the working conditions of the labors. In case it is not in accordance with the norms of the government, the violators must be punished. According to the minimum wage law, workers should not be exploited and overworked by their employer.
b) The government should also keep a check on the activities of the individuals are the companies that hire the labors to check if they are following the safety standards. They also keep a check on the production quality is also necessary to ensure that substandard goods are not being sold in the market.
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