Economics (NTSE/Olympiad)  

5. Consumer Rights

Need For Rules And Regulations To Save The Consumers

Need For Rules And Regulations To Save The Consumers
1. Producers are spending a lot of money to influence the consumers which makes difficult for the consumers to make a correct choice so there is need for consumer awareness.
2. Producers do not provide sufficient information to the consumers and even some times harass them.
3. Consumer awareness is also must because at times greedy traders begin to play with the health of the people by indulging in adulteration of edible oils, milk, butter etc.
4. There is need for rules and regulations because most of goods and services are being produced by private sector with profits as main motive.

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