NCERT Solutions for Class 10 Social Economics Chapter 5 Consumer Rights
NCERT Solutions for Class 10 Social Economics Chapter 5 Consumer Rights Page 87 Question 1: Why are rules and regulations required in the marketplace? Illustrate with a few examples. Answer: Rules and regulations are required in the market place due to the following reasons : The consumers are exploited by the shopkeepers and traders in different ways such as less weight or measurement, more price, adulterated and defective goods. In case of a complaint regarding a good or service, the shopkeeper or trader tries to avoid any responsibility. The seller tries to shift all the responsibility onto the buyer as if the seller has no responsibility once a sale is completed. Sometimes producers are few and powerful while the consumers purchase in small amounts and are scattered. Big companies with huge wealth manipulate the market in many ways. At times false information is passed on through the media, and other sources to attract consumers. For example, a company for years sold powder milk f...