Consumer Protection

Consumer protection involves a range of laws and regulations designed to ensure fairness and safety for consumers in the marketplace. This includes enforcing truthful advertising, setting safety standards for products, and upholding consumer rights like the right to information, choice, and compensation for damages. It also covers privacy protection, preventing monopolistic practices, and ensuring a competitive marketplace. These measures, enforced by government agencies, consumer organizations, and business self-regulation, aim to create a fair, efficient market economy that protects consumers from unfair or harmful business practices and supports ethical business conduct.

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