what is COPRA? importance of COPRA
Answers
Consumer Protection Act, 1986 is an Act of the Parliament of India enacted in 1986 to protect the interests of consumers in India.Consumer protection is important because consumers in any modern market economy often experience information asymmetry and a significant imbalance of bargaining power as compared to producers and sellers of products and services.
Answer:
Explanation:
The main objective of the Consumer Protection Act, 1986 is to protect the interest and safeguard the rights of the consumers which are as follows:
Right to be protected against the marketing of goods and services which are hazardous to life and property
Right to be informed about the quality, quantity, potency, purity, standard and price of goods or services so as to protect the consumer against unfair trade practices
Right to be assured , wherever possible , access to a variety of goods and services at competitive prices
Right to be heard and to be assured that consumers' interests will receive due consideration at appropriate forums
Right to seek redressal against unfair trade practices and unscrupulous exploitation of consumers
Right to consumer education.