Question

rhrow light on the duties of a consumer in the marketplaces

Answer 1

Any person, who buys goods or services in the market and uses it, is called a Consumer. Duties of a consumer are

(i) Ensuring that the product is within the expiry date at the time of purchase.

(ii) Paying no more than the maximum retail price printed on the goods he .purchased.

(iii) Always asking for a cash memo/receipt for the goods’ purchased.

(iv) Ensuring that the goods purchased are not spurious or of inferior quality.

(v) In case, it is found later that the goods are defective, getting it exchanged or repaired. In case, the trader refuses or does not refund the amount paid, the consumer’s duty is to lodge a complaint with the District Consumer Forum.

Answer 2

Answer:

Rules and regulations are required for the protection of the consumers in the marketplace.

Exploitation in the marketplace happens often.

Markets do not work in a fair manner when producers are few and powerful whereas consumers purchase in small amounts and are scattered. This happens especially when large companies are producing these goods. These companies with huge wealth, power and reach can manipulate the market. At times, false information is passed on through the media, and other sources to attract consumers.