lallan20
  • 2

There may be rules and regulations but they are often not followed. Why? Discuss.

  • 2

NCERT Question, Class 10, CBSE SOCIAL SCIENCE,
Economics Chapter: 5 CONSUMER RIGHTS
Question No. 2. Page No. 78
NCERT Solutions for Class 10 Social Science
CBSE Class 10 Economics 2023-2024

Share

1 Answer

  1. Rules and regulations designed to protect consumers might not always be followed due to:

    1. Weak Enforcement: Inadequate resources or staffing in regulatory bodies hinder effective enforcement.

    2. Complexity and Loopholes: Complex or ambiguous regulations create loopholes that businesses exploit.

    3. Corruption and Influence: Corruption within regulatory bodies or corporate influence can lead to lax enforcement.

    4. Costs and Priorities: High compliance costs may drive businesses to bypass regulations.

    5. Inadequate Penalties: Weak consequences for non-compliance fail to deter violations.

    6. Globalization Challenges: Businesses exploit differences in laws between countries.

    7. Technological Advancements: Regulations struggle to keep up with rapid technological changes.

    8. Limited Consumer Awareness: Lack of knowledge about rights leads to underreporting of violations.

    9. Resistance to Change: Businesses may resist conforming due to established practices.

    Addressing these challenges requires better enforcement, transparency, and collaboration among stakeholders for effective regulation adherence.

    • 16
Leave an answer

Leave an answer

Browse