Question

why are rules. and. regulation. required. in the marketplace.? illustrate with a few examples

Answer 1

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.
... So, rules and regulations are required to
protect the consumers in the marketplace .
Exploitation in the marketplace happens in
various ways.

Answer 2

Rules and regulation are required in the Marketplace to protect consumer right against exploitation to the producer sellers and service providers they obtain indulge in unaffairs and trade practices and also provide Falls information about a product or services most consumer and a level of their right and Thursday are obtained received by suppliers. It is in the interest of consumer to have rules and regulation to take necessary action against search on unscrupulous people.