Question

Why are rules and regulations required in the marketplace analyse the importance of the three tier judicial machinery under copra?

Answer 1

HEY MATE HERE IS YOUR ANSWER:-

Q)whyy are rules and regulation required in market .

Rules and regulations are required in the marketplace to protect the consumers against exploitation by the producers, sellers and service providers. ... So in the interest of the consumer, it is necessary to take action against suppliers and producers.

importance of three tier government in COPRA:-

It has following importance:-

1. It reduces the pressure on other courts.

2. It finishes a case within 3 months.

3. Cases seeking redressal up to 20 lakh are handled by district consumer courts.

4. Cases seeking redressal up to 1 crore are handled by state consumer courts.

5. Cases seeking redressal more than 1 crore are handled by national consumer courts.

6. These courts empower people to fight against exploitation.