Question

why Consumer Protection is important​

Answer 1

Answer:

Consumer protection is linked to the idea of consumer rights and to the formation of consumer organisations, which helps consumers make better choices in the marketplace and get help with consumer complaints. Other organisations that promote consumer protection include government organisations and self-regulating business organisations such as consumer protection agencies and organisations, the Federal Trade Commission in America and Better Business Bureaus in America, Canada, England, etc

Explanation:

A consumer is defined as someone who acquires goods or services for direct use or ownership rather than for resale or use in production and manufacturing.Consumer interests can also serve consumers, consistent with economic efficiency, but this topic is treated in competition law. Consumer protection can also be asserted via non-government organisations and individuals as consumer activism.consumer protection is a group of laws and organisations designed to ensure the rights of consumers as well as fair trade, competition and accurate information in the marketplace.

Answer 2

$\underline \mathbb{CONSUMER\:PROTECTION}$]

》Consumer is exploited in many ways.Consumers are scattered, unorganised and many of them were illiterate.

》The traders,moneylenders,service providers exploit the consumers in many ways.

》Sellers try to shift the responsibility of product / service on the buyer.

》 They plea that the buyer should be aware when he buys the good. It is the responsibility of the buyer to check the good while purchasing them.

》The need for Consumer Protection and satisfaction has been widely accepted all over the world.

》Hence, Consumer protection is important.

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