Definitions for CONSUMER PROTECTION
con·sumer pro·tec·tion

WikipediaRate this definition:0.0 / 0 votes

1. Consumer protection

   Consumer protection is the practice of safeguarding buyers of goods and services, and the public, against unfair practices in the marketplace. Consumer protection measures are often established by law. Such laws are intended to prevent businesses from engaging in fraud or specified unfair practices in order to gain an advantage over competitors or to mislead consumers. They may also provide additional protection for the general public which may be impacted by a product (or its production) even when they are not the direct purchaser or consumer of that product. For example, government regulations may require businesses to disclose detailed information about their products—particularly in areas where public health or safety is an issue, such as with food or automobiles. Consumer protection is linked to the idea of consumer rights and to the formation of consumer organizations, which help consumers make better choices in the marketplace and pursue complaints against businesses. Entities that promote consumer protection include government organizations (such as the Federal Trade Commission in the United States), self-regulating business organizations (such as the Better Business Bureaus in the US, Canada, England, etc.), and non-governmental organizations that advocate for consumer protection laws and help to ensure their enforcement (such as consumer protection agencies and watchdog groups).A consumer is defined as someone who acquires goods or services for direct use or ownership rather than for resale or use in production and manufacturing. Consumer interests can also serve consumers, consistent with economic efficiency, but this topic is treated in competition law. Consumer protection can also be asserted via non-government organization's and individuals as consumer activism.

WikidataRate this definition:3.8 / 4 votes

1. Consumer protection

   Consumer protection is a group of laws and organizations designed to ensure the rights of consumers as well as fair trade competition and the free flow of truthful information in the marketplace. The laws are designed to prevent businesses that engage in fraud or specified unfair practices from gaining an advantage over competitors; they may also provide additional protection for the weak and those unable to take care of themselves. Consumer protection laws are a form of government regulation, which aim to protect the rights of consumers. For example, a government may require businesses to disclose detailed information about products—particularly in areas where safety or public health is an issue, such as food. Consumer protection is linked to the idea of "consumer rights", and to the formation of consumer organizations, which help consumers make better choices in the marketplace and get help with consumer complaints. Other organizations that promote consumer protection include government organizations and self-regulating business organizations such as consumer protection agencies and organizations, the Federal Trade Commission, ombudsmen, Better Business Bureaus, etc.

How to pronounce CONSUMER PROTECTION?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say CONSUMER PROTECTION in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of CONSUMER PROTECTION in Chaldean Numerology is: 9

2. Pythagorean Numerology

   The numerical value of CONSUMER PROTECTION in Pythagorean Numerology is: 9

Examples of CONSUMER PROTECTION in a Sentence

1. Angela Merkel:

   If we simply try to carry on as we have in the past, the worldwide developments will definitely not be sustainable and inclusive, we need the climate protection agreement, open markets and improved trade agreements in which consumer protection, social and environmental standards are upheld.

2. Josh Hawley:

   Josh Hawley signed on to a lawsuit to get rid of every consumer protection in the law that you have against health insurance companies, including the most important one, the notion that you can still get insurance if you'd been sick before.

3. Andrew Cuomo:

   We need a full accounting of the facts to confirm businesses are abiding by New York consumer protection laws and to help make sure this type of privacy breach does not happen again.

4. Sigmar Gabriel:

   We won't accept any pressure for further liberalisation or privatisation. We won't lower any social, environmental or consumer protection standards, and we will not -- I am completely sure of this -- see any privatisation of arbitration.

5. Chris Woolard:

   We have all become used to a regulatory pendulum that swings one way or the other, but at the moment there are two - a wholesale one and a retail one, we are seeing the removal of frictions but in retail, a continued tough - and in some cases, tightening - stance on consumer protection.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Consumer_Protection
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=CONSUMER PROTECTION