Question

Write four importance of consumer protection​

Answer 1

Answer:

Consumer protection makes markets work for both businesses and consumers. Consumers need to be able to obtain accurate, unbiased information about the products and services they purchase. This enables them to make the best choices based on their interests and prevents them from being mistreated or misled by businesses.

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Answer 2

Answer:

Consumer protection is important from the view point of consumers as it protects them from exploitative and unfair trade practices. Consumer protection makes work for both business man and consumer easy. Their right ensures that consumers can make better choice in market place.