Table of Contents
What are the advantages of consumer protection?
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.
What are the drawbacks of consumer rights?
1. The Act includes only two clauses concerning the supply of perilous goods, but it does not inflict any stringent accountability on those who provide such products. 2. This Act does not permit the Consumer Redressal Fora to proceed either interim order or “cease and discontinue orders”.
What is the importance of consumer rights?
The term ‘consumer law’ refers to any piece of government legislation designed to protect consumers from poor-quality products and poor business practices. Complying with the law will avoid legal problems and assure customers about the quality of the products sold by a business.
What are advantages of Consumer Protection Act 1986?
It allows the consumers to enjoy various consumer rights. It allows redressal of consumer queries. It allows consumers to pressurise the producers as well as government to ensure moral business conducts.
What are consumer rights?
The definition of Consumer right is ‘the right to have information about the quality, potency, quantity, purity, price and standard of goods or services’, as it may be the case, but the consumer is to be protected against any unfair practices of trade. The right to free choice of goods and services.
What are the disadvantages of consumer awareness?
- It caters to the needs of small and medium-income groups.
- There is too much dependence on the honesty, integrity and loyalty of members and workers.
- There is lack of proper sales promotion drives by the sales force of these stores.
- Management of such stores usually rests in the hands of amateurs.
What are advantages of consumer Protection Act 1986?
What are consumer rights explain five consumer rights?
Consumer Rights Vs Responsibilities
|Right to Redress
|Right to Safety
|Right to Consumer Education/ Right to be Informed
|Right to Choose
What consumer rights means?
The definition of Consumer right is ‘the right to have information about the quality, potency, quantity, purity, price and standard of goods or services’, as it may be the case, but the consumer is to be protected against any unfair practices of trade. It is very essential for the consumers to know these rights.
What are the advantages and disadvantages of consumer cooperative?
(2) The control and management of society is democratic. (3) These societies lead to the elimination of middlemen. (4) Since the control and management of the society is in the hands of the members, it ensures better quality of goods to the members. (5) Advertising expenses are limited.
What are the advantages of consumerism?
Another advantage that consumers have is the right to make the final decision on any purchase. While multiple influences work to direct consumers’ shopping, consumers retain the final right to purchase or not purchase any items from a store.
What are the advantages and disadvantages of consumer protection laws?
By preventing the purchase in the first place, the government may save the consumer the cost of learning that lesson. One problem in assessing the benefits of consumer protection is that the laws themselves may induce behavioral changes that work for or against the intent of the legislation.
What are the rights of a consumer?
The right to be protected against the marketing of goods and services which are hazardous to life and property. The right to be informed about the quality, quantity, potency, purity, standard and price of goods or services, as the case may be to protect the consumer against unfair trade practices;
What are the disadvantages of being a consumer?
Another disadvantage of being consumers is the limited resources that they are forced to accept. This includes the limitations on income and the way these decisions influence consumer interest in a product.