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Consumer interests can also serve consumers, consistent with economic efficiency, but this topic is treated in competition law. Consumer protection can also be asserted via non-government organizations and individuals as consumer activism. Efforts made for the protection of consumer's rights and interests are: The right to satisfaction of basic ...
On March 15, 1962, President John F. Kennedy said, "If consumers are offered inferior products, if prices are exorbitant, if drugs are unsafe or worthless, if the consumer is unable to choose on an...
The right to consumer education states that consumers should be able to acquire knowledge and skills needed to make informed, confident choices about goods and services while being aware of basic consumer rights and responsibilities and how to act on them.
Consumers pay some amount of money (or equivalent) for goods or services. [4]) then consume (use up). As such, consumers play a vital role in the economic system of a capitalist system [5] and form a fundamental part of any economy. [6] [7] [8] Without consumer demand, producers would lack one of the key motivations to produce: to sell to
The consumer movement is an effort to promote consumer protection through an organized social movement, which is in many places led by consumer organizations.It advocates for the rights of consumers, especially when those rights are actively breached by the actions of corporations, governments, and other organizations that provide products and services to consumers.
This week is Consumer Protection Week, when a group of nonprofits and government agencies come together to highlight critical issues ranging from identity theft to dodgy debt collector practices.
“I know that the Consumer Financial Protection Bureau is a favorite whipping boy of Republicans on this Committee, but the CFPB is the main agency in our government that is actively working to stop unfair de-banking,” she said at a hearing of the Senate Banking, Housing and Urban Affairs Committee.
The NCDRC is the highest judiciary of the consumer court, the consumer Supreme Court of India. State Consumer Disputes Redressal Commission (SCDRC): A court that works at the state level in cases where compensation claimed is between one crore (₹10 million) and Ten crores. The State Commission has appellate jurisdiction over the District Forum.