What is consumerism describe the rights of sellers and buyers?
Answers
In economics, "consumerism" refers to “economic policies which emphasise consumption.” In layman’s term, whatever a person buys, he becomes the consumer and protecting his rights is known as consumerism.
Rights and duties of the buyer and the seller
The buyer has the right to know all the details of the products and to examine the products. example, the pricing details of a product.
The buyer has the right to return the goods and also has it delivered to his/her place.
The buyer has the right to cancel the order or return the goods if it is not up to the satisfaction. To sue the seller for the recovery of money.
Duties of the buyer
He/she should check the products thoroughly
before buying a product.
He should pay the money fixed for the product.
He/she should return the goods within the stipulated time.
He/she should follow the guidelines given for the product so that it doesn’t get damaged in any way
Seller’s duty
To inform the buyer about the products in
detail and the rules to be followed so that they are not mishandled.
To allow the buyer to inspect the goods.
To answer the queries raised with regard to the same.
To deliver the goods on time and to replace or take-back the returned goods without any time delay.
If we see, the buyer’s rights becomes seller’s
duty and the seller’s rights will become buyer’s duty.