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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

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