Question

what is the need for consumer protection in one word ​

Answer 1

Answer:

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. ADVERTISEMENTS: 2. Consumer want protection against deceptive and unfair trade and market practices.

Answer 2

Consumer protection is necessary to makes the markets work.

Explanation:

• Customers need to be able to get precise, impartial data about the products and facilities they buying.
• This allows them to kind the finest selections founded on their benefits and stops them from being neglected or misled by businesses.
• Consumer defense means shielding the privileges of customers. It also helps to protect fair trade competition and truthful information in a market economy. Various laws and organisations are designed to do this.
• The laws are designed to stop companies using unfair practices to gain an advantage over their competitors.

Learn more about consumer protection

What are various ways in which the objective of consumer protection can be achieved? Explain the role of consumer organisations and NGOs in this regard.

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Explain the rights of a consumer under the consumer protection act 1986.​

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