Write short notes on the following. Importance of consumer protection.
Open in App
Solution
The importance of consumer protection can be understood from the following points:
1. Consumer ignorance: A consumer is ignorant and thus he should know how to exercise his rights and seek relief.
2. Unorganized consumer: As the consumers are unorganized there is a need for a consumer organization that can unify them.
3. Exploitation of consumers: Consumers are exploited by way of adulteration, fake information and weights, misleading advertisement, etc. Thus, they need to be protected.