Consumer Protection
Consumers are the ultimate users of goods and services produced in order to satisfy their wants. Producers of these goods and services, guided by their profit motive, may charge exorbitant prices and may show little concern for consumers in terms of acceptable quality, utility, efficiency or safety of the good or service offered for sale. There are several reasons for consumer protection and explained as follows: Unfair Trading Practices of the Businessmen Some producers and their distributors may indulge in unfair trading practices so as to maximize profits at the expense of consumers. These practices may take the form of misleading advertisements, inferior quality and performance of goods or services, exorbitant prices, substandard packaging, inadequate weights and measures, sales gimmicks and the liking. Ignorance of Consumers that Products may Endanger their Health or Life Consumers may be unaware of the deficiencies or the danger to their health and life of certain purchases. For...