What is meant by Consumer protection?
Answers
Answer:
Consumer protection is the practice of safeguarding buyers of goods and services, and the public, against unfair practices in the marketplace. ... Such laws are intended to prevent businesses from engaging in fraud or specified unfair practices in order to gain an advantage over competitors or to mislead consumers.
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Answer:
Consumer protection is the practice of safeguarding buyers of goods and services, and the public, against unfair practices in the marketplace. ... Such laws are intended to prevent businesses from engaging in fraud or specified unfair practices in order to gain an advantage over competitors or to mislead consumers.
Consumer protection is needed because of following: ... We need physical protection of the consumer, for example protection against products that are unsafe or dangerous to his health and welfare. 2. Consumer want protection against deceptive and unfair trade and market practices.