Question
There may be rules and regulations but they are often not followed. Why? Discuss.

Answer

The following are the main reasons responsible for the above situation:
  1. Corrupt government officials: The law implementing officials are very corrupt. They give space to escape dishonest traders and shopkeepers by taking bribe from them.
  2. Red-tapism: The dishonest shopkeepers also break the rules and regulations resorting to red tapism. They find out relationship with the concerned government officials and able to do malpractices.
  3. Ignorant consumer: Illiteracy causes ignorance. Even the literate consumers do not bother about the price, quality, durability, composition, etc. of the product. So, it is easy for the shopkeepers to break the concerned rules and regulations.
  4. Limited supplies: If the supply of a good is less than its demand, the price rises. This encourages the tendency of hoarding among sellers by breaking the law.
  5. Limited competition: If the production of a good is in a few hands, they restrict the supply of that product and manipulate its price.

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