Business Studies, asked by abhimanrawat000798, 3 months ago

consumer protection laws in India in 2000 words​

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Answered by Ajay78663
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Answer:

The concept of protection of rights of the consumers is not new; rather it is a practice that has been present in the society and various countries in one form or the other historically. The Old Testament mentions a form of consumer protection, and so does the Code of Hammurabi, but only in a mercantile perspective. An early form of movement in defense of consumers was born in the United States, where the bases for the birth and development of monopoly and oligopolistic capitalism had started.[2] The first consumer organizations were born in Denmark in 1947 and Great Britain in 1955 where the Government created the Consumer Council in order to enable consumers to express themselves on issues reserved to producers and traders.[3] But the real normative innovation came with the Single European Act; it modified the Treaty of Rome[4] by solidifying the role of the Economic and Social Committee, to whom were attributed powers to safeguard the consumers. Over the years, some important changes were made to the above-mentioned legislation that paved the way for a wider consumer policy. But despite these additions, it still lacked a solid foundation that allowed getting real consumer protection.

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