Economy, asked by shraddhabiradar1991, 1 month ago

Do you think consumer rights are important? Why?

Answers

Answered by harshini196
1

Answer:

Consumer Rights As Per Consumer Protection Act 1986. Consumer Protection Act provides Consumer Rights to prevent consumers from fraud or specified unfair practices. These rights ensure that consumers can make better choices in the marketplace and get help with complaints.

Consumer: The consumer is the one who pays to consume the goods and services produced. As such, consumers play a vital role in the economic system of a nation. In the absence of their effective demand, the producers would lack a key motivation to produce, which is to sell to consumers.

Consumer Rights in India. The definition of Consumer right is 'the right to have information about the quality, potency, quantity, purity, price and standard of goods or services', as it may be the case, but the consumer is to be protected against any unfair practices of trade.

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