Answer each of the following questions in two to four sentences:

What are the steps taken by the government to overcome the antisocial practices in business?

The antisocial activities that are sometimes followed by the traders to earn more profit include adulteration, charging excess or abnormal rates, using false weights and measures, creating artificial scarcity by hoarding the goods and carrying out black marketing. The government of India has introduced several measures to overcome such unethical practices. These measures include

• Introduction of the Public Distribution System.

• Establishments of institutions like Bureau of Indian Standards to maintain the standards of goods and essential commodities.

• Printing of ISI and Agmark on goods to inform consumers of their certified quality.

• Legal mandatory provisions to include the quantity, the date of manufacture, date of expiry, Maximum retail price (MRP) on every industrial product.