Consumer protection

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Consumer protection refers to a group of laws and organisations designed to protect the rights of consumers. It also helps to protect fair trade competition and truthful information in a market economy.

The laws are designed to stop companies using unfair practices to gain an advantage over their competitors. Examples of such practices are fraud and "false advertising", where a company advertises their product with false information.

Consumer protection laws are a form of regulation.

More reading[change | change source]

  • "Consumer Protection". Concise Encyclopedia of Economics (2nd). (2008). Ed. David R. Henderson (ed.). Indianapolis: Library of Economics and Liberty.