Consumer protection makes markets work for both businesses and consumers. Consumers need to be able to obtain accurate, unbiased information about the products and services they purchase. This enables them to make the best choices based on their interests and prevents them from being mistreated or misled by businesses.
What is the need of consumer protection?
Consumer protection is required against all types of pollution so that the consumers can enjoy a healthier environment, which is free from water, air, and food pollution. Also, consumer protection is needed against the abuse of monopolistic and restrictive trade practices which is done in transactions.
What is the need for consumer protection one word answer?
Explanation: Consumer protection. Consumer protection means protection and safeguarding the buyers of goods and services from any unfair practices by the seller . Consumer protection is necessary in order to educate the consumer about their rights,responsibilities and also redressing their grievances.
What is the need for consumer protection class 10?
Right to choose: The right to be assured that the consumers will get proper access to the variety of goods and services at reasonable prices. Right to seek redressal: The right to seek redressal against the wrong selling practices or deceitful exploitation of consumers.
What is the need for consumer protection in India?
Consumer protection is needed because of following:
2. Consumer want protection against deceptive and unfair trade and market practices. 3. Consumers protection is needed against all types of pollution so that they can enjoy a healthy environment-free from water, air and food pollution.
What is meant by consumer protection?
Consumer protection means safeguarding the interest and rights of consumers. In other words, it refers to the measures adopted for the protection of consumers from unscrupulous and unethical malpractices by the business and to provide them speedy redressal of their grievances.