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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:

  1. Governments establish rules and guidelines that businesses must follow. These cover everything from product safety to advertising practices.
  2. Government agencies should help resolve disputes between consumers and businesses.
  3. Governments should educate consumers about their rights.
  4. Governments can monitor markets for illegal or unfair practices and take enforcement actions against businesses that violate consumer protection laws.

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