What are the objectives of consumer protection?

What is consumer protection and its objectives?

To Provide better and all round protection to consumer. To Provide machinery for the speedy redressal of the grievances. To Create framework for consumers to seek redressal. To Provide rights to consumers.

What are the major objectives of consumer protection act?

The Consumer Protection Act was passed in 1986 and it came into force from 1 July 1987. The main objectives of the Act are to provide better and all-round protection to consumers and effective safeguards against different types of exploitation such as defective goods, deficient services and unfair trade practices.

What are the aims and objective of the Consumer Protection Act 1986?

The main objectives of the act are to provide better and one spherical protection to customers and effective safeguard against different types of exploitation like defective merchandise, deficient services and unfair trade practices.

What are the 3 objectives of the consumer Act of the Philippines?

protection against deceptive, unfair and unconscionable acts and practices; provision of information and education to facilitate sound choice and the proper exercise of rights by the consumer; provision of adequate rights and means of redress; and.

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What are the objectives of consumer education?

Objectives of Consumer Education

To provide an understanding of the interrelationship between economic analysis and the problems of the society for ex ample, the energy crisis, inflation, poverty, environmental concerns, crime, international trade, taxation, racism, big business, and big labor.

What are examples of consumer protection?

Federal Competition and Consumer Protection Commission

  • Right to value for money: Products and services MUST give value for money.
  • Right to Safety: …
  • Right to Information: …
  • Right to Choose: …
  • Right to Redress: …
  • Right to Consumer Education: …
  • Right to Representation:

What is Consumer Protection Class 10?

The Consumer Protection Act, implemented in 1986, gives easy and fast compensation to consumer grievances. It safeguards and encourages consumers to speak against insufficiency and flaws in goods and services. If traders and manufacturers practice any illegal trade, this act protects their rights as a consumer.

What are the six objectives of passing Consumer Protection Act 1986?

Consumer Rights: The Consumer Protection Act, 1986, provides for six consumer rights. These are: (i) Right to safety, (ii) Right to be informed, (iii) Right to choose, (iv) Right to be heard, (v) Right to seek redressal,(vi) Right to consumer education.