answersLogoWhite

0

The Minimum Wages law ensures that workers are not exploited and are not over worked by companies that hire them.

Law keeping checks on the good ensures that sub-standard goods not enter markets.

User Avatar

Wiki User

13y ago

What else can I help you with?

Continue Learning about Economics

What is the difference between regulated and unregulated market?

Regulated markets are controlled by a regulatory force, such as a government, or crime organization through taxes, tariffs, laws, and rackets. Unregulated markets are not controlled or governed.


Does Law always ensure justice?

Laws don't always ensure justice. Without proper interpretation and implementation law is lame.


What is Sending goods to another country is called?

Sending goods to another country is called "exporting." This process involves selling products to foreign markets, which can enhance a business's reach and profitability. Exporting is a key component of international trade and can involve various regulations and documentation to ensure compliance with both domestic and foreign laws.


Fair trading act 1987?

The Fair Trading Act of 1987 is a piece of legislation in Australia that aims to promote fair trading and protect consumers from unfair practices in the marketplace. It sets out rules and regulations that businesses must adhere to, such as prohibiting misleading or deceptive conduct, false representations, and unfair contract terms. The Act also provides consumers with avenues for seeking redress and compensation if they have been harmed by a breach of the law. Overall, the Fair Trading Act of 1987 plays a crucial role in maintaining a competitive and transparent marketplace for both businesses and consumers.


What organization formed to oppose monopolies?

The organization that formed to oppose monopolies is the Federal Trade Commission (FTC), established in 1914 in the United States. Its primary purpose is to promote consumer protection and eliminate harmful anti-competitive business practices. The FTC enforces antitrust laws to prevent monopolies and ensure fair competition in the marketplace.

Related Questions

What is the purpose of antitrust laws and regulations?

Ensure markets operate competitively.


To ensure compliance with fair housing laws your actions must be?

legal


What does the US federal government used to ensure laws are fair and equally applied?

A court system


What does the United states government use to ensure laws are fair and equally applied?

A court system


What five things can ensure someone gets a fair trial?

the evidence, the laws, the other stuff too


What are the importance of bye laws?

Bye laws are important as they help regulate behavior in specific areas, ensure public safety, and maintain order within a community. They provide guidelines for appropriate conduct and help resolve disputes in a fair manner. Bye laws also help uphold standards and protect the welfare of individuals living in a particular area.


What does US federal government use to ensure laws are fair and are equally applied?

The 14th amendment of the constitution ensures that the US government applies laws that are fair and equally applied. The 14th amendment is also known as the Equal Protection Clause.


Do fair lending laws apply to business loans and how do they impact the lending practices of financial institutions?

Yes, fair lending laws apply to business loans. These laws prohibit discrimination in lending based on factors such as race, gender, and ethnicity. Financial institutions must adhere to these laws to ensure fair and equal access to credit for all businesses. Violations can result in penalties and legal consequences for the institution.


What does the United states federal government use to ensure laws are fair and equal applied?

A court system


What greek leader created fair laws?

Solon is credited with creating "fair" laws.


What does the united federal gorvernment use to ensure laws and fair and equally applied?

The law is applied and if it isn’t followed there are court procedures that happen.


Who makes sure the law is fair and people follow it?

The Supreme Court ensures that a law is constitutional, not necessarily fair. The executive power (President/Law Enforcement) proceed to execute the laws and ensure compliance.