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Question
Protection of consumers is necessary because ______.
Options
Consumers are weak and powerless against strong and powerful sellers.
Consumers are lucky and fully protected.
Consumer is considered as king of market.
None of the above
Solution
Protection of consumers is necessary because consumers are weak and powerless against strong and powerful sellers.
Explanation:
Protection of consumers is necessary because consumers are weak and powerless against strong and powerful sellers. Consumers provide revenue to businessman and sellers have the responsibility to safeguard the interest of consumers. Protection of consumers is essential under the Consumer Protection Act 1986. Thus, protection of consumers is necessary both on moral and legal grounds.
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