Get premium membership and access questions with answers, video lessons as well as revision papers.

Why does the government issue out licenses to traders?

      

State reasons why the government issues out licenses to traders.

  

Answers


John
• To raise the revenue for the government.
• To ensure that there no illegal businesses.
• To regulate the number of businesses in any given time to avoid unhealthy competition.
• To control the types of goods and services in the market.
• To ensure that those who engage in professional activities meet the requirements of the profession.
• To ensure that traders engage only in trade activities that they have licenses for.
johnmulu answered the question on January 21, 2017 at 08:42


Next: Outline the features of a good transport system
Previous: What are the goals of development?

View More Business Studies Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions