Economics
What do you think should be the role of government to protect consumers?
Consumer Rights
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Answer
Governments can play a crucial role in safeguarding consumers from unfair practices by taking following steps:
- Governments establish rules and guidelines that businesses must follow. These cover everything from product safety to advertising practices.
- Government agencies should help resolve disputes between consumers and businesses.
- Governments should educate consumers about their rights.
- Governments can monitor markets for illegal or unfair practices and take enforcement actions against businesses that violate consumer protection laws.
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