Social Sciences, asked by janania200423, 1 year ago

WHY RULES AND REGULATIONS ARE REQUIRED FOR PROTECTION OF CONSUMER IN MARKET PLACE?

Answers

Answered by ishita1404

3

To protect the consumers from unfair trade practices.
To reduce the influence of rich and powerful traders in the market.
To protect the rights of the consumers.

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Answered by MrPoizon

1

Answer:

Rules and regulations are required in the marketplace to protect the consumers against exploitation by the producers, sellers and service providers. They often indulge in unfair trade practices and provide false information about a particular service or product.

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