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Why are rules and regulations required in the marketplace? Illustrate with a few examples.

Rules and regulations are required for the protection of the consumers in the marketplace. Individual consumers often find themselves in a weak position. Whenever there is a complaint regarding a good or service that hadbeen bought, the seller tries to shift all the responsibility on to the buyer.

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 Rules and regulations are required in the marketplace to protect consumers. Sellers often abdicate responsibility for a low-quality product, cheat in weighing out goods, add extra charges over the retail price, and sell adulterated/ defective goods. Hence, rules and regulations are needed to protect the scattered buyers from powerful and fewer producers who monopolise markets. For example, a grocery shop owner might sell expired products, and then blame the customer for not checking the date of expiry before buying the items.

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 Individual consumers often find themselves in a weak position. Whenever there is a complaint regarding a good or service that had been bought, the seller tries to shift all the responsibility on to the buyer. Their position usually is-"If you did'nt like what you bought, please go elsewhere". As if the seller has no responsibility once a sale is completed. For example- Sometimes traders indulge in unfair trade practices such as when shopkeepers weigh less that they should or when traders add charges that were not mentioned before, or when adultrated/defective goods are sold.

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 They are required because:

1. Consumers are often exploited in the marketplace.

2. Markets do not work in a fair manner 

3. Sellers or Companies often make false claims which are mistaken by consumers.

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↵rules and regulations are required for the protection of the consumers in the marketplace.
Individual consumers often find themselves in a weak position.
Whenever there is a complaint regarding a good or service that had been bought, the seller tries to shift all the responsibility on to the buyer.
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  • Rules and regulations are required so that markets function in smooth and just manner. Profit maximization is the prime motive of any business. Rules and regulations ensure that the profit does not come at the cost of the quality of life of the consumer. In our day-to-day life, we can see many instances of food adulteration. The milk seller, the sweet-meat seller, etc. usually adulterate the food items they sell. It is important to stop such practices by enforcing proper rules.
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Rules and regualtions is a must because:'
1. A market, left to itself, cres only for the powerful and those with the money.
2. Consumer constitute a large weaker section, they are exploited by powerful business interests.
3. Weaker sections of the society are at the mercy of the sellers, some are exploited by them as well.
 
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Rules and regulations is must b'coz
1) a market,left ,crew only for the powerful and those with the money 
2) consumer constitute a large weaker section,they are exploited by powerful business interests 
3) wearker section of the society are the mercy the sellers ,some are exploited by them as well
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The right to seek redressal means the right to compensation.
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Why did the us enter into to the policy of Vietnam
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Thank You
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Rules and regulations are required in the market place as consumers are often exploited in the market place as -sellers may sell their products at high rates -cheating of underweight measurements can happen -sellers may sell duplicates products -sometimes cash memos(bills) are not given to the consumer. -sometimes false information of products is given to the consumer. To check powerful producer Markets do not work in a fair manner if there is monopoly of few and powerful producers and when purchase of consumer is small and they have no single voice. So there is need of rules and regulations in the market.
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Rules and regulations are required in the market place as consumers are often exploited in the market place as -sellers may sell their products at high rates -cheating of underweight measurements can happen -sellers may sell duplicates products -sometimes cash memos(bills) are not given to the consumer. -sometimes false information of products is given to the consumer. To check powerful producer Markets do not work in a fair manner if there is monopoly of few and powerful producers and when purchase of consumer is small and they have no single voice. So there is need of rules and regulations in the market.
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"Rules and regulations" are required in the market place as consumers are often exploited in the market place as -sellers may sell their products at high rates. -cheating of underweight measurements can happen -sellers may sell duplicates products -sometimes cash memos(bills) are not given to the consumer. -sometimes false information of products is given to the consumer. To check powerful producer Markets do not work in a fair manner if there is monopoly of few and powerful producers and when purchase of consumer is small and they have no single voice. So there is need of rules and regulations in the market.
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"Rules and regulations" are required in the market place as consumers are often exploited in the market place as (1)sellers may sell their products at high rates. (2)cheating of underweight measurements of goods may happen. (3)sellers may sell duplicates products Or may sell adulterated/defective products. (4)sometimes cash memos(bills) are not given to the consumer. (5)sometimes false information of products is given to the consumer. (6) Markets do not work in a fair manner if there is monopoly of few and powerful producers and when purchase of consumer is small and they have no single voice. So there is need of rules and regulations in the market.
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consumers are often exploited in the marketplace .
the producers make false claim which is mistaken by the consumers
 
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Rules and regulations are required for the protection of consumers in market place as consumers often find themselves in a weak position to protect their interest . Markets do not work in a fair manner when producer s are few and powerful whereas consumers purchase in small amounts and are scattered. Ex. Whenever there is a complaints regarding a good or service that had been bought the seller tries to shift all the responsibility on the buyer.
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1. Rules and regulations are required in the Marketplace to protect the consumers against exploitation by the sellers. 2. Several sellers oftenen indulge in unfair trade practices harsh words. 2.make markets responsible to work in free and fair manner.
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opp'
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Rules and regulations are required in the marketpalce to protect the consumer against exploitation by the producers, seller and service provider. They often indulge in unfair trade practices and peovide false information about as particular service or product. Most of consumers are unaware about their rights and they are of deceived by the supplier. So in the interest of the consumer, it is necessary to take action against suppliers and producers.
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What is the need of rules and regulations in the market

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RULES AND REGULATIONS ARE REQUIRED IN THE MARKET PLACE BECAUSE :-
  • THE CONSUMER OFENT FIND THEMSELVES IN A WEEK POSITION AS THE SELLERS TRIES TO SHIFT THE RESPONSIBILITIES ON THE CONSUMERS.
  • IT IS NECESSARY TO PREVENT UNFAIR TRADE PRACTISEC SUCH AS BLACK MARKETING, WEIGHTING LESS, CHARGING MORE THAN ACTUAL PRICE,ECT.
  • TILL RECENT THERE WAS NO AUTHORITY WHERE A CONSUMER COULD LODGE A COMPLAIN. ALL THE BUYER COULD DO WAS AVOIDE BUYING THE BRANDS FOR WHICH HE/SHE WAS CHEATED.
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