Question

How does the laws protect the interests of producers and consumers in the market?

Answer 1

As with the law on minimum wages, which is meant to protect workers, there are also laws that protect the interests of producers and consumers in the market. ... Through making, enforcing and upholding these laws, the government can control the activities of individuals or private companies so as to ensure social justice.

Answer 2

Government has taken 3 measures to protect the interest of consumers. ... The act provides for the establishment of consumer dispute redressal mechanisms at district, state and national levels. (ii) Administrative measures : Public Distribution System (PDS) started by Government to prevent hoarding and black marketing.