Question

Difference between unfair and restrictive trade practices

Answer 1

A brief but main difference-

Unfair trade practices refer to corruption and cheating or injustice to the consumer whereas restrictive trade practices refer to different tariffs and control to affect the flow of goods and services.

Answer 2

Answer:

Unfair means illegal or not legal and restrictive trade means barriers.

Explanation:

• Given under the Consumer Protection Act, 1986, the unfair trade policy means a false representation or false advertising or deceptive pricing.

• Restrictive pricing means the manipulation in conditions of supply in such a manner that leads to delays or  blockages.

• Such as use of tariffs and taxes, quotas that act as restrict the use of falsely represents that the goods are of a particular standard, represents that the goods or services have sponsorship, approval, and making a statement in orally or in writing or by visible representation.