Why are rules and regulations required in the marketplace? Illustrate with a few examples .
Individual consumers are often exploited and find themselves in a weak position. Whenever a consumer makes a complaint regarding a product or service that he has bought, the seller tries to shift all the responsibility back on the consumer himself. The seller usually says ,”If you didn't like what you have bought, please go elsewhere”.
So, rules and regulations are required to protect the consumers in the marketplace.
Exploitation in the marketplace happens in various ways.
1. Traders indulge in unfair trade practices.
2. Shopkeepers weigh less than what they should.
3. Traders add charges that were not mentioned in the product.
4. Adulterated/defective goods are sold.
Why are rules and regulations required in the marketplace? Illustrate with a few examples.
Describe some of your duties as consumers if you visit a shopping complex in your locality.
Suppose you buy a bottle of honey and a biscuit packet. Which logo or mark you will have to look for and why?
Say True or False.
(i) COPRA applies only to goods.
(ii) India is one of the many countries in the world which has exclusive courts for consumer redressal.
(iii) When a consumer feels that he has been exploited, he must file a case in the District Consumer Court.
(iv) It is worthwhile to move to consumer courts only if the damages incurred are of high value.
(v) Hallmark is the certification maintained for standardisation of jewellry.
(vi) The consumer redressal process is very simple and quick.
(vii) A consumer has the right to get compensation depending on the degree of the damage.
Suppose you buy a bottle of honey and a biscuit packet. Which logo or mark you will have to look for and why?
What are the difficulties a consumer faces when he wants to seek redressal against unfair trade practices and exploitatio
Why are rules and regulations required in the marketplace? Illustrate with a few examples .