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Consumer Protection Laws Are Meant to Do What?

Consumer rights and the law on consumer protection allow people to fight against abuse by sellers and producers of consumer ignorance. These laws are designed to deter sellers of goods and services from abusing their capabilities when they try to make a profit by taking advantage of the lack of information from consumers. Some actions can be seen as injustice, while others can be described as fraud.

Explanation:

The protection of consumer rights in different states may vary slightly, but it is designed to protect the same thing – consumer human rights. In the United States, the Consumer Protection Act protects citizens from unsafe products, fraud, fraudulent advertising, and unfair business practices through a variety of federal, state, and local laws. The primary federal consumer authority is the United States Federal Trade Commission (FTC). The overall goal of the FTC is to allow American consumers to use the free market without cheating and provide the highest quality products at reasonable prices. The FTC is an independent federal agency approved by the president and authorized by the Senate.

The main goals of the organization are to protect consumers by preventing fraud, deception and unfair business practices in the market. In addition, this organization seeks to maintain competition by preventing anticompetitive business practices. Also, in the US there are other federal agencies that protect consumers. Consumer protection is an integral part of the commercial law of any country. When regulating this issue, the names of bodies involved in control and supervision may differ, but all of them are needed only to protect consumers from fraudulent actions by unscrupulous organizations and regulate relations in the field of quality control.

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OctoStudy. (2023, March 29). Consumer Protection Laws Are Meant to Do What? Retrieved from https://octostudy.com/consumer-protection-laws-are-meant-to-do-what/

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OctoStudy. (2023, March 29). Consumer Protection Laws Are Meant to Do What? https://octostudy.com/consumer-protection-laws-are-meant-to-do-what/

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"Consumer Protection Laws Are Meant to Do What?" OctoStudy, 29 Mar. 2023, octostudy.com/consumer-protection-laws-are-meant-to-do-what/.

1. OctoStudy. "Consumer Protection Laws Are Meant to Do What?" March 29, 2023. https://octostudy.com/consumer-protection-laws-are-meant-to-do-what/.


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OctoStudy. "Consumer Protection Laws Are Meant to Do What?" March 29, 2023. https://octostudy.com/consumer-protection-laws-are-meant-to-do-what/.

References

OctoStudy. 2023. "Consumer Protection Laws Are Meant to Do What?" March 29, 2023. https://octostudy.com/consumer-protection-laws-are-meant-to-do-what/.

References

OctoStudy. (2023) 'Consumer Protection Laws Are Meant to Do What'. 29 March.

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