Question

rules and regulations are required for the protection of the consumers in the Marketplace justify the statement with arguments

Answer 1

yes rules and regulation are required as because past shows that consumer suffer a lot in market place which led to conse.er movement
because it ensures that every citizen is statisfied and it is important for good democracy

Answer 2

Individual consumers are often exploited and find themselves in a weak position. Whenever a consumer makes a complaint regarding a product or service that he has bought, the seller tries to shift all the responsibility back on the consumer himself. The seller usually says ,”If you didn’t like what you have bought, please go elsewhere”.
So, rules and regulations are required to protect the consumers in the marketplace.
Exploitation in the marketplace happens in various ways.
1. Traders indulge in unfair trade practices.
2. Shopkeepers weigh less than what they should.
3. Traders add charges that were not mentioned in the product.
4. Adulterated/defective goods are sold.