1. “Rules and regulations are required for the protection of consumers in the marketplace”. - Justify the statement.
Proper rules and regulations are needed to protect the consumer in the marketplace because:
A lot of time dealers indulge themselves and others within unfair practices and trades like under-measurement, underweight, hoarding, etc.
Half of the customers are not aware of the rights that they have and as a result, are deceived by suppliers.
Sellers have a habit of making fake promises to the consumers about the quality and durability of the products through jingles and catchy advertisements.
These points should be properly highlighted in a project on consumer rights for Class 10 - CBSE syllabus.