Question

What is Consumer Protection?

• A. Protection of the consumer and his rights when the consumer is found guilty.
• B. A group of laws enacted to protect the rights of consumers, fair trade, competition, etc in the marketplace.
• C. A group of laws enacted to protect only the seller from the malpractices taking place in the market.
• D. Laws enacted to help the people only if the products were brought by them from a physical marketplace.

Answer 1

The correct option is B A group of laws enacted to protect the rights of consumers, fair trade, competition, etc in the marketplace.

Consumer Protection is a group of laws enacted to protect consumers' rights, fair trade, competition, and accurate information in the marketplace. Consumer protection laws are a form of government regulations that aim to protect the rights of consumers.