Consumer Protection

Topics: Consumer protection, Law, Unfair business practices Pages: 2 (700 words) Published: July 21, 2010
Consumer protection laws are designed to ensure fair competition and the free flow of truthful information in the marketplace. The laws are designed to prevent businesses that engage in fraud or specified unfair practices from gaining an advantage over competitors and may provide additional protection for the weak and those unable to take care of themselves. Consumer Protection laws are a form of government regulation which aim to protect the interests of consumers. For example, a government may require businesses to disclose detailed information about products—particularly in areas where safety or public health is an issue, such as food. Consumer protection is linked to the idea of "consumer rights" (that consumers have various rights as consumers), and to the formation of consumer organizations which help consumers make better choices in the marketplace. Consumer is defined as someone who acquires goods or services for direct use or ownership rather than for resale or use in production and manufacturing.[1] Consumer interests can also be protected by promoting competition in the markets which directly and indirectly 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. Consumer law

"Consumer protection law" or "consumer law" is considered an area of law that regulates private law relationships between individual consumers and the businesses that sell those goods and services. Consumer protection covers a wide range of topics, including but not necessarily limited to product liability, privacy rights, unfair business practices, fraud, misrepresentation, and other consumer/business interactions. Such laws deal with credit repair, debt repair, product safety, service and sales contracts, bill collector regulation, pricing, utility turnoffs, consolidation, personal loans that may lead to bankruptcy and much...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Consumer Protection Essay
  • Essay about Consumer Protection
  • Consumer Protection
  • Consumerism: Consumer Protection and Competitive Advantage Essay
  • Essay on The Law with Respect to Consumer Protection in Given Situations
  • Essay on The Consumer Guarantees
  • Essay on Consumer Affairs
  • Essay on Business and Consumer Protection in Islam

Become a StudyMode Member

Sign Up - It's Free