Who is a consumer? Why is consumer protection important? How can we protect consumers?
There are a lot of questions about consumer protection law and The Legal Court is providing the best lawyers in Jaipur to protect consumers and a little survey about why consumers are needed to protect and why.
A consumer is a person or individual who purchases products or services for his personal use and not for manufacturing or resale is called a consumer. A consumer is one who is the decision-maker whether or not to buy an item at or from the store or someone who is affected or influenced by advertising and marketing
Consumer protection makes markets work efficiently for both businesses as well as for consumers.
Consumers need to be able to obtain exact, neutral information about the products and services they purchase. This enables them to make the finest choices based on their interests and prevents them from being mistreated or deceived by businesses. Consumer protection policies, laws, and regulations help increase consumer awareness and welfare by ensuring that businesses can be held accountable.
Businesses that are known to treat consumers fairly will gain a good reputation and become more sought after. This increases their profitability and competitiveness which will also lead to economic growth in the long run. Consumer protection policies, laws, and regulations guarantee that businesses are kept in check.
Economic growth and competitiveness
Consumer protection comes up with dynamic and effective markets for businesses to grow. Consumer demand drives innovation and economic development as businesses are required to maintain fair prices and good quality of their products and services.
With the exposure of cross-border and digital trade, cooperation on consumer protection amongst jurisdictions becomes essential. ASEAN has been trying to block and tackle these issues by developing the ASEAN Strategic Action Plan for Consumer Protection (ASAPCP) 2025.
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