Identify the importance of Consumer Protection from consumers point of view.
(
This question was previously asked in
Shift 07/06/2023 3:30 PM - 6:30 PM
A
Social Responsibility
B
Government Intervention
C
Widespread Exploitation
D
Moral justification
Correct Answer
Widespread Exploitation
Detailed Explanation
(3) Widespread Exploitation
Consumers might be exploited by unscrupulous, exploitative and unfair trade practices like defective and unsafe products, adulteration, false and misleading advertising, hoarding, black-marketing etc. Consumers need protection against such malpractices of the sellers.
Rest others are importance from the point of view of Business.
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