Why are rules and regulations required i | Class 10 Social Science - Understanding Economic Development Chapter Consumer Rights, Consumer Rights NCERT Solutions

Question:

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

Answer:

Rules and regulations are required in the marketplace to protect consumers from exploitation. Seller tries to shift all the responsibility on to the buyer. Whenever, a consumer complains against the goods or services for the bad quality or
quality sellers deny of any fraud and try to shifts all the responsibility on to the buyers. The seller tend to hold no responsibility for the goods once sold. 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. Hence, rules and regulations are needed to safeguard the interest and rights of consumers in the marketplace.


Study Tips for Answering NCERT Questions:

NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:

  • Read the question carefully and focus on the core concept being asked.
  • Reference examples and data from the chapter when answering questions about Consumer Rights.
  • Review previous year question papers to get an idea of how such questions may be framed in exams.
  • Practice answering questions within the time limit to improve your speed and accuracy.
  • Discuss your answers with your teachers or peers to get feedback and improve your understanding.

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Welcome to the NCERT Solutions for Class 10 Social Science - Understanding Economic Development - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 1: Why are rules and regulations required in the marketplace? Illustrate with a few examples.....