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Needs for rules and regulation for consumer\xa0 |
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Answer» Rules and regulations are required for consumer because:1.Shopkeepers cheats with the uneducated person he/she takes more money from the max.retail price of goods or services.2.Shopkeeper can also loss the weight machine.3.He/she sell the defective goods or services. Etc. Ans.\xa0Rules and regulations are required in the marketplace to protect consumers. Sellers often abdicate responsibility for a low-quality product, cheat in weighing out goods, add extra charges over the retail price, and sell adulterated/ defective goods.Hence, rules and regulations are needed to protect the scattered buyers from powerful and fewer producers who monopolise markets. For example, a grocery shop owner might sell expired products, and then blame the customer for not checking the date of expiry before buying the items. |
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