Why does the government issue out licenses to traders?

State reasons why the government issues out licenses to traders.

---

• 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

Exams With Marking Schemes

• Grade 1
• Grade 2
• Grade 3
• Grade 4
• Grade 5
• Grade 6
• Grade 7
• Grade 8
• Grade 9
• PP1
• PP2
• Playgroup
• Form 1
• Form 2
• Form 3
• Form 4

Related Questions

---

• What are the benefits of overpopulation in a country? (Solved)
  

  A country has overpopulation. State 4 advantages the country may have.

  Date posted: January 21, 2017 .    Answers (1)

• State four factors that influence the prices of shares traded at Nairobi Stock Exchange (Solved)
  

  What factors influence the prices of shares traded at Nairobi Stock exchange (NSE).

  Date posted: January 19, 2017 .    Answers (1)

• Outline four circumstances under which a producer would not require a lot of warehousing space (Solved)
  

  Under which circumstances would a producer not require a lot of warehousing space?

  Date posted: January 19, 2017 .    Answers (1)

• Which documents are used in delivery process in home trade? (Solved)
  

  Identify four documents used in delivery process in home trade.

  Date posted: January 19, 2017 .    Answers (1)

• State four factors that inhibit entrepreneurial development (Solved)
  

  State factors that inhibit entrepreneurial development.

  Date posted: January 19, 2017 .    Answers (1)

• Describe four challenges encountered in satisfaction of human wants (Solved)
  

  What are the challenges encountered in satisfaction of human wants?

  Date posted: January 19, 2017 .    Answers (1)

• Give four reasons as to why employers should provide their employees with insurance cover (Solved)
  

  Give reasons why employers are expected to provide their employees with insurance cover?

  Date posted: January 18, 2017 .    Answers (1)