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What do you think should be the role of government to protect consumers?

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NCERT Question, Class 10, CBSE SOCIAL SCIENCE,
Economics Chapter: 5 CONSUMER RIGHTS
Question No. 3. Page No. 77
NCERT Solutions for Class 10 Social Science
CBSE Class 10 Economics 2023-2024

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  1. Tere are the key points regarding the role of the government in protecting consumers:

    1. Regulatory Framework: Establishing and enforcing laws and regulations to safeguard consumer rights and prevent unfair business practices.

    2. Consumer Education:** Providing accessible and accurate information to consumers about their rights, product safety, and fair business practices through awareness campaigns and educational initiatives.

    3. Product Safety Standards: Setting and enforcing stringent standards to ensure the safety and quality of goods and services available in the market.

    4. Enforcement of Laws: Vigorously enforcing consumer protection laws and regulations through regulatory bodies or consumer protection agencies.

    5. Redressal Mechanisms: Establishing effective and accessible mechanisms for consumer complaint redressal, such as consumer courts or ombudsmen.

    6. Price Regulation: Monitoring and regulating prices to prevent unfair pricing practices and ensure fair market competition.

    7. Fair Competition: Preventing monopolistic practices and promoting fair competition among businesses.

    8. Product Labeling: Mandating clear and accurate labeling of products to provide consumers with essential information.

    9. Financial Protection: Regulating financial services to protect consumers from unfair practices in banking, insurance, and investment sectors.

    10. Environmental Protection: Ensuring that products and services meet environmental standards to protect consumers from harmful impacts.

    These measures collectively ensure the well-being and protection of consumers within the marketplace.

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