Why are rules and regulations required for the ‘protection of consumers’ interest’ in the marketplace ? -SST 10th

Why are rules and regulations required for the ‘protection of consumers’ interest’ in the marketplace ? -SST 10th
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Rules and regulations required for the ‘protection of consumers’ interest’ in the marketplace because : (a) Individual consumers when exploited at the market, find themselves in a weak position. Sellers take no responsibility of the products they have sold. (b) Unfair trade practices like black marketing, adulteration etc. need to be checked.
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Description : How do ‘Consumer Protection Councils’ help consumers? Explain three ways. -SST 10th

Last Answer : ‘Consumer Protection Councils’ help consumers in the following ways: (i) They guide consumers on how to file cases in the consumer court. (ii) On many occasions, they also represent individual consumer in the consumer courts. (iii) They also create awareness among the people.

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Last Answer : (i) Consumer should be well informed about the rights and duties. (ii) Consumer should buy the communities with ISI, AGMARK or Hallmark logo. (iii) Should not hesitate to use the legal rights against unfair trade practices. Examples, Case of Amritha, case of Abirami.

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Exploitation in the marketplace happens in various ways. Mention one point. -SST 10th

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Last Answer : Sometimes traders indulge in unfair trade practices such as when shopkeepers weigh less than what they should or when traders add charges that were not mentioned before.

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Last Answer : e) All the above

Businesses are required to follow laws and regulations but they follow ethical standards in a code of ethics?

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Last Answer : Choose to

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What percentage (or quantity) of sellers in the US sell goods only in their own online stores, without using the amazon marketplace, etc.? And what percentage sell in their online stores + amazon marketplace?

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Do libraries traffic in used books by way of Amazon Marketplace and similar channels?

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