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Why do we need the Consumer Protection Act? - Commercial Studies

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Question

Why do we need the Consumer Protection Act?

Answer in Brief

Solution

The Act acknowledges the following consumer rights: the right to safety, the right to information the right to choice, the right to be heard, the right to remedy, and the right to consumer education.

Thus, we need the Consumer Protection Act for the following reasons:

  1. To safeguard the customers interests.
  2. To provide for the required Consumer Councils and other Authorities to be established.
  3. To provide a quick and easy means of resolving consumer complaints via quasi-judicial processes.
  4. To enlighten and instruct the customer.
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Need for Consumer Protection
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Chapter 4: Consumer Protection - EXERCISES [Page 56]

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Goyal Brothers Prakashan Commercial Studies [English] Class 10 ICSE
Chapter 4 Consumer Protection
EXERCISES | Q 13. | Page 56
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