How a consumer should be in a market.

THE CONSUMER IN THE MARKETPLACE :
We participate in the market both as producers and consumers. As producers of goods and services we could be working in any of the sectors discussed earlier such as agriculture. Industry, or services. Consumers participate in the market when they purchase goods and services that they need. These are the final goods that people as consumers use.
What is the need for rules and regulations or steps in the market that would promote development?
These could be for the protection of workers in the unorganised sector or to protect people from high interest rates charged by moneylenders in the informal sector.
Similarly, rules and regulations are also required for protecting the environment.

For example, moneylenders in the informal sector adopt various tricks to bind the borrower: they could make the producer sell the produce to them at a low rate in return for a timely loan; they could force a small farmer like Swapna to sell her land to pay back the loan. Similarly, many people who work in the unorganised sector have to work at a low wage and accept conditions that are not fair and are also often harmful to their health. To prevent such exploitation, we have talked of rules and regulations for their protection. There are organisations that have struggled for long to ensure that these rules are followed.
Likewise, rules and regulations are required for the protection of the consumers in the marketplace. Individual consumers often find themselves in a weak position. Whenever there is a complaint regarding a good or service that had been bought, the seller tries to shift all the responsibility on to the buyer, as if the seller has no responsibility once a sale is completed! The consumer movement is an effort to change this situation.
Exploitation in the marketplace happens in various ways.
Sometimes traders indulge in unfair trade practices such as when shopkeepers weigh less than what they should or when traders add charges that were not mentioned before, or when adulterated/defective goods are sold.
Markets do not work in a fair manner when producers are few and powerful whereas consumers purchase in small amounts and are scattered. This happens especially when large companies are producing these goods.
At times false information is passed on through the media, and other sources to attract consumers.
Hence, there is a need for rules and regulations to ensure protection for consumers.

Illustration 1
    When do consumers participate in the market?
Solution
    Consumers are participants in the market process when purchase goods and services for their use.

Illustration 2
    When do markets tend to be unfair?
Solution
    Markets do not work in a fair manner when there are a few and powerful producers and consumers purchase only in small amounts and are scattered.

Illustration 3
    What is the need for rules and regulations in the market place?
Solution
    Rules and regulations are needed for the protection of the consumers when they find themselves in a weak position.

CONSUMER MOVEMENT :
The consumer movement arose out of dissatisfaction of the consumers as many unfair practices were being indulged in by the sellers.
There was no legal system available to consumers to protect them from exploitation in the marketplace.
For a long time, when a consumer was not happy with a particular brand product or shop, he or she generally avoided buying that brand product, or would stop purchasing from that shop. It was presumed that it was the responsibility of consumers to be careful while buying a commodity or service.
It look many years for organisations in India, and around the world, to create awareness amongst people.
 More  recently, India witnessed an upsurge in the number of consumer groups.
 Because of all these efforts, the movement succeeded in bringing pressure on business firms as well as government to correct business conduct which may be unfair and against the interests of consumers at large.
A major step taken in 1986 by the Indian government was the enactment of the Consumer Protection Act1986, popularly known as COPRA.

Illustration 4
    Why did consumer movements arise?
Solution
    Consumer Movements arose due to dissatisfaction of the consumer as many unfair practices were being  indulged by the seller.

Illustration 5
    What major step was taken by Indian government in 1986?
Solution
    Indian government enacted the Consumer Protection Act in 1986 to protect consumers against unfair trade practices. 

THE CONSUMER IN THE MARKETPLACE :
We participate in the market both as producers and consumers. As producers of goods and services we could be working in any of the sectors discussed earlier such as agriculture. Industry, or services. Consumers participate in the market when they purchase goods and services that they need. These are the final goods that people as consumers use.
What is the need for rules and regulations or steps in the market that would promote development?
These could be for the protection of workers in the unorganised sector or to protect people from high interest rates charged by moneylenders in the informal sector.
Similarly, rules and regulations are also required for protecting the environment.

For example, moneylenders in the informal sector adopt various tricks to bind the borrower: they could make the producer sell the produce to them at a low rate in return for a timely loan; they could force a small farmer like Swapna to sell her land to pay back the loan. Similarly, many people who work in the unorganised sector have to work at a low wage and accept conditions that are not fair and are also often harmful to their health. To prevent such exploitation, we have talked of rules and regulations for their protection. There are organisations that have struggled for long to ensure that these rules are followed.
Likewise, rules and regulations are required for the protection of the consumers in the marketplace. Individual consumers often find themselves in a weak position. Whenever there is a complaint regarding a good or service that had been bought, the seller tries to shift all the responsibility on to the buyer, as if the seller has no responsibility once a sale is completed! The consumer movement is an effort to change this situation.
Exploitation in the marketplace happens in various ways.
Sometimes traders indulge in unfair trade practices such as when shopkeepers weigh less than what they should or when traders add charges that were not mentioned before, or when adulterated/defective goods are sold.
Markets do not work in a fair manner when producers are few and powerful whereas consumers purchase in small amounts and are scattered. This happens especially when large companies are producing these goods.
At times false information is passed on through the media, and other sources to attract consumers.
Hence, there is a need for rules and regulations to ensure protection for consumers.

Illustration 1
    When do consumers participate in the market?
Solution
    Consumers are participants in the market process when purchase goods and services for their use.

Illustration 2
    When do markets tend to be unfair?
Solution
    Markets do not work in a fair manner when there are a few and powerful producers and consumers purchase only in small amounts and are scattered.

Illustration 3
    What is the need for rules and regulations in the market place?
Solution
    Rules and regulations are needed for the protection of the consumers when they find themselves in a weak position.

CONSUMER MOVEMENT :
The consumer movement arose out of dissatisfaction of the consumers as many unfair practices were being indulged in by the sellers.
There was no legal system available to consumers to protect them from exploitation in the marketplace.
For a long time, when a consumer was not happy with a particular brand product or shop, he or she generally avoided buying that brand product, or would stop purchasing from that shop. It was presumed that it was the responsibility of consumers to be careful while buying a commodity or service.
It look many years for organisations in India, and around the world, to create awareness amongst people.
 More  recently, India witnessed an upsurge in the number of consumer groups.
 Because of all these efforts, the movement succeeded in bringing pressure on business firms as well as government to correct business conduct which may be unfair and against the interests of consumers at large.
A major step taken in 1986 by the Indian government was the enactment of the Consumer Protection Act1986, popularly known as COPRA.

Illustration 4
    Why did consumer movements arise?
Solution
    Consumer Movements arose due to dissatisfaction of the consumer as many unfair practices were being  indulged by the seller.

Illustration 5
    What major step was taken by Indian government in 1986?
Solution
    Indian government enacted the Consumer Protection Act in 1986 to protect consumers against unfair trade practices. 

THE CONSUMER IN THE MARKETPLACE :
We participate in the market both as producers and consumers. As producers of goods and services we could be working in any of the sectors discussed earlier such as agriculture. Industry, or services. Consumers participate in the market when they purchase goods and services that they need. These are the final goods that people as consumers use.
What is the need for rules and regulations or steps in the market that would promote development?
These could be for the protection of workers in the unorganised sector or to protect people from high interest rates charged by moneylenders in the informal sector.
Similarly, rules and regulations are also required for protecting the environment.

For example, moneylenders in the informal sector adopt various tricks to bind the borrower: they could make the producer sell the produce to them at a low rate in return for a timely loan; they could force a small farmer like Swapna to sell her land to pay back the loan. Similarly, many people who work in the unorganised sector have to work at a low wage and accept conditions that are not fair and are also often harmful to their health. To prevent such exploitation, we have talked of rules and regulations for their protection. There are organisations that have struggled for long to ensure that these rules are followed.
Likewise, rules and regulations are required for the protection of the consumers in the marketplace. Individual consumers often find themselves in a weak position. Whenever there is a complaint regarding a good or service that had been bought, the seller tries to shift all the responsibility on to the buyer, as if the seller has no responsibility once a sale is completed! The consumer movement is an effort to change this situation.
Exploitation in the marketplace happens in various ways.
Sometimes traders indulge in unfair trade practices such as when shopkeepers weigh less than what they should or when traders add charges that were not mentioned before, or when adulterated/defective goods are sold.
Markets do not work in a fair manner when producers are few and powerful whereas consumers purchase in small amounts and are scattered. This happens especially when large companies are producing these goods.
At times false information is passed on through the media, and other sources to attract consumers.
Hence, there is a need for rules and regulations to ensure protection for consumers.

Illustration 1
    When do consumers participate in the market?
Solution
    Consumers are participants in the market process when purchase goods and services for their use.

Illustration 2
    When do markets tend to be unfair?
Solution
    Markets do not work in a fair manner when there are a few and powerful producers and consumers purchase only in small amounts and are scattered.

Illustration 3
    What is the need for rules and regulations in the market place?
Solution
    Rules and regulations are needed for the protection of the consumers when they find themselves in a weak position.

CONSUMER MOVEMENT :
The consumer movement arose out of dissatisfaction of the consumers as many unfair practices were being indulged in by the sellers.
There was no legal system available to consumers to protect them from exploitation in the marketplace.
For a long time, when a consumer was not happy with a particular brand product or shop, he or she generally avoided buying that brand product, or would stop purchasing from that shop. It was presumed that it was the responsibility of consumers to be careful while buying a commodity or service.
It look many years for organisations in India, and around the world, to create awareness amongst people.
 More  recently, India witnessed an upsurge in the number of consumer groups.
 Because of all these efforts, the movement succeeded in bringing pressure on business firms as well as government to correct business conduct which may be unfair and against the interests of consumers at large.
A major step taken in 1986 by the Indian government was the enactment of the Consumer Protection Act1986, popularly known as COPRA.

Illustration 4
    Why did consumer movements arise?
Solution
    Consumer Movements arose due to dissatisfaction of the consumer as many unfair practices were being  indulged by the seller.

Illustration 5
    What major step was taken by Indian government in 1986?
Solution
    Indian government enacted the Consumer Protection Act in 1986 to protect consumers against unfair trade practices. 

THE CONSUMER IN THE MARKETPLACE :
We participate in the market both as producers and consumers. As producers of goods and services we could be working in any of the sectors discussed earlier such as agriculture. Industry, or services. Consumers participate in the market when they purchase goods and services that they need. These are the final goods that people as consumers use.
What is the need for rules and regulations or steps in the market that would promote development?
These could be for the protection of workers in the unorganised sector or to protect people from high interest rates charged by moneylenders in the informal sector.
Similarly, rules and regulations are also required for protecting the environment.

For example, moneylenders in the informal sector adopt various tricks to bind the borrower: they could make the producer sell the produce to them at a low rate in return for a timely loan; they could force a small farmer like Swapna to sell her land to pay back the loan. Similarly, many people who work in the unorganised sector have to work at a low wage and accept conditions that are not fair and are also often harmful to their health. To prevent such exploitation, we have talked of rules and regulations for their protection. There are organisations that have struggled for long to ensure that these rules are followed.
Likewise, rules and regulations are required for the protection of the consumers in the marketplace. Individual consumers often find themselves in a weak position. Whenever there is a complaint regarding a good or service that had been bought, the seller tries to shift all the responsibility on to the buyer, as if the seller has no responsibility once a sale is completed! The consumer movement is an effort to change this situation.
Exploitation in the marketplace happens in various ways.
Sometimes traders indulge in unfair trade practices such as when shopkeepers weigh less than what they should or when traders add charges that were not mentioned before, or when adulterated/defective goods are sold.
Markets do not work in a fair manner when producers are few and powerful whereas consumers purchase in small amounts and are scattered. This happens especially when large companies are producing these goods.
At times false information is passed on through the media, and other sources to attract consumers.
Hence, there is a need for rules and regulations to ensure protection for consumers.

Illustration 1
    When do consumers participate in the market?
Solution
    Consumers are participants in the market process when purchase goods and services for their use.

Illustration 2
    When do markets tend to be unfair?
Solution
    Markets do not work in a fair manner when there are a few and powerful producers and consumers purchase only in small amounts and are scattered.

Illustration 3
    What is the need for rules and regulations in the market place?
Solution
    Rules and regulations are needed for the protection of the consumers when they find themselves in a weak position.

CONSUMER MOVEMENT :
The consumer movement arose out of dissatisfaction of the consumers as many unfair practices were being indulged in by the sellers.
There was no legal system available to consumers to protect them from exploitation in the marketplace.
For a long time, when a consumer was not happy with a particular brand product or shop, he or she generally avoided buying that brand product, or would stop purchasing from that shop. It was presumed that it was the responsibility of consumers to be careful while buying a commodity or service.
It look many years for organisations in India, and around the world, to create awareness amongst people.
 More  recently, India witnessed an upsurge in the number of consumer groups.
 Because of all these efforts, the movement succeeded in bringing pressure on business firms as well as government to correct business conduct which may be unfair and against the interests of consumers at large.
A major step taken in 1986 by the Indian government was the enactment of the Consumer Protection Act1986, popularly known as COPRA.

Illustration 4
    Why did consumer movements arise?
Solution
    Consumer Movements arose due to dissatisfaction of the consumer as many unfair practices were being  indulged by the seller.

Illustration 5
    What major step was taken by Indian government in 1986?
Solution
    Indian government enacted the Consumer Protection Act in 1986 to protect consumers against unfair trade practices. 

THE CONSUMER IN THE MARKETPLACE :
We participate in the market both as producers and consumers. As producers of goods and services we could be working in any of the sectors discussed earlier such as agriculture. Industry, or services. Consumers participate in the market when they purchase goods and services that they need. These are the final goods that people as consumers use.
What is the need for rules and regulations or steps in the market that would promote development?
These could be for the protection of workers in the unorganised sector or to protect people from high interest rates charged by moneylenders in the informal sector.
Similarly, rules and regulations are also required for protecting the environment.

For example, moneylenders in the informal sector adopt various tricks to bind the borrower: they could make the producer sell the produce to them at a low rate in return for a timely loan; they could force a small farmer like Swapna to sell her land to pay back the loan. Similarly, many people who work in the unorganised sector have to work at a low wage and accept conditions that are not fair and are also often harmful to their health. To prevent such exploitation, we have talked of rules and regulations for their protection. There are organisations that have struggled for long to ensure that these rules are followed.
Likewise, rules and regulations are required for the protection of the consumers in the marketplace. Individual consumers often find themselves in a weak position. Whenever there is a complaint regarding a good or service that had been bought, the seller tries to shift all the responsibility on to the buyer, as if the seller has no responsibility once a sale is completed! The consumer movement is an effort to change this situation.
Exploitation in the marketplace happens in various ways.
Sometimes traders indulge in unfair trade practices such as when shopkeepers weigh less than what they should or when traders add charges that were not mentioned before, or when adulterated/defective goods are sold.
Markets do not work in a fair manner when producers are few and powerful whereas consumers purchase in small amounts and are scattered. This happens especially when large companies are producing these goods.
At times false information is passed on through the media, and other sources to attract consumers.
Hence, there is a need for rules and regulations to ensure protection for consumers.

Illustration 1
    When do consumers participate in the market?
Solution
    Consumers are participants in the market process when purchase goods and services for their use.

Illustration 2
    When do markets tend to be unfair?
Solution
    Markets do not work in a fair manner when there are a few and powerful producers and consumers purchase only in small amounts and are scattered.

Illustration 3
    What is the need for rules and regulations in the market place?
Solution
    Rules and regulations are needed for the protection of the consumers when they find themselves in a weak position.

CONSUMER MOVEMENT :
The consumer movement arose out of dissatisfaction of the consumers as many unfair practices were being indulged in by the sellers.
There was no legal system available to consumers to protect them from exploitation in the marketplace.
For a long time, when a consumer was not happy with a particular brand product or shop, he or she generally avoided buying that brand product, or would stop purchasing from that shop. It was presumed that it was the responsibility of consumers to be careful while buying a commodity or service.
It look many years for organisations in India, and around the world, to create awareness amongst people.
 More  recently, India witnessed an upsurge in the number of consumer groups.
 Because of all these efforts, the movement succeeded in bringing pressure on business firms as well as government to correct business conduct which may be unfair and against the interests of consumers at large.
A major step taken in 1986 by the Indian government was the enactment of the Consumer Protection Act1986, popularly known as COPRA.

Illustration 4
    Why did consumer movements arise?
Solution
    Consumer Movements arose due to dissatisfaction of the consumer as many unfair practices were being  indulged by the seller.

Illustration 5
    What major step was taken by Indian government in 1986?
Solution
    Indian government enacted the Consumer Protection Act in 1986 to protect consumers against unfair trade practices. 

THE CONSUMER IN THE MARKETPLACE :
We participate in the market both as producers and consumers. As producers of goods and services we could be working in any of the sectors discussed earlier such as agriculture. Industry, or services. Consumers participate in the market when they purchase goods and services that they need. These are the final goods that people as consumers use.
What is the need for rules and regulations or steps in the market that would promote development?
These could be for the protection of workers in the unorganised sector or to protect people from high interest rates charged by moneylenders in the informal sector.
Similarly, rules and regulations are also required for protecting the environment.

For example, moneylenders in the informal sector adopt various tricks to bind the borrower: they could make the producer sell the produce to them at a low rate in return for a timely loan; they could force a small farmer like Swapna to sell her land to pay back the loan. Similarly, many people who work in the unorganised sector have to work at a low wage and accept conditions that are not fair and are also often harmful to their health. To prevent such exploitation, we have talked of rules and regulations for their protection. There are organisations that have struggled for long to ensure that these rules are followed.
Likewise, rules and regulations are required for the protection of the consumers in the marketplace. Individual consumers often find themselves in a weak position. Whenever there is a complaint regarding a good or service that had been bought, the seller tries to shift all the responsibility on to the buyer, as if the seller has no responsibility once a sale is completed! The consumer movement is an effort to change this situation.
Exploitation in the marketplace happens in various ways.
Sometimes traders indulge in unfair trade practices such as when shopkeepers weigh less than what they should or when traders add charges that were not mentioned before, or when adulterated/defective goods are sold.
Markets do not work in a fair manner when producers are few and powerful whereas consumers purchase in small amounts and are scattered. This happens especially when large companies are producing these goods.
At times false information is passed on through the media, and other sources to attract consumers.
Hence, there is a need for rules and regulations to ensure protection for consumers.

Illustration 1
    When do consumers participate in the market?
Solution
    Consumers are participants in the market process when purchase goods and services for their use.

Illustration 2
    When do markets tend to be unfair?
Solution
    Markets do not work in a fair manner when there are a few and powerful producers and consumers purchase only in small amounts and are scattered.

Illustration 3
    What is the need for rules and regulations in the market place?
Solution
    Rules and regulations are needed for the protection of the consumers when they find themselves in a weak position.

CONSUMER MOVEMENT :
The consumer movement arose out of dissatisfaction of the consumers as many unfair practices were being indulged in by the sellers.
There was no legal system available to consumers to protect them from exploitation in the marketplace.
For a long time, when a consumer was not happy with a particular brand product or shop, he or she generally avoided buying that brand product, or would stop purchasing from that shop. It was presumed that it was the responsibility of consumers to be careful while buying a commodity or service.
It look many years for organisations in India, and around the world, to create awareness amongst people.
 More  recently, India witnessed an upsurge in the number of consumer groups.
 Because of all these efforts, the movement succeeded in bringing pressure on business firms as well as government to correct business conduct which may be unfair and against the interests of consumers at large.
A major step taken in 1986 by the Indian government was the enactment of the Consumer Protection Act1986, popularly known as COPRA.

Illustration 4
    Why did consumer movements arise?
Solution
    Consumer Movements arose due to dissatisfaction of the consumer as many unfair practices were being  indulged by the seller.

Illustration 5
    What major step was taken by Indian government in 1986?
Solution
    Indian government enacted the Consumer Protection Act in 1986 to protect consumers against unfair trade practices. 

THE CONSUMER IN THE MARKETPLACE :
We participate in the market both as producers and consumers. As producers of goods and services we could be working in any of the sectors discussed earlier such as agriculture. Industry, or services. Consumers participate in the market when they purchase goods and services that they need. These are the final goods that people as consumers use.
What is the need for rules and regulations or steps in the market that would promote development?
These could be for the protection of workers in the unorganised sector or to protect people from high interest rates charged by moneylenders in the informal sector.
Similarly, rules and regulations are also required for protecting the environment.

For example, moneylenders in the informal sector adopt various tricks to bind the borrower: they could make the producer sell the produce to them at a low rate in return for a timely loan; they could force a small farmer like Swapna to sell her land to pay back the loan. Similarly, many people who work in the unorganised sector have to work at a low wage and accept conditions that are not fair and are also often harmful to their health. To prevent such exploitation, we have talked of rules and regulations for their protection. There are organisations that have struggled for long to ensure that these rules are followed.
Likewise, rules and regulations are required for the protection of the consumers in the marketplace. Individual consumers often find themselves in a weak position. Whenever there is a complaint regarding a good or service that had been bought, the seller tries to shift all the responsibility on to the buyer, as if the seller has no responsibility once a sale is completed! The consumer movement is an effort to change this situation.
Exploitation in the marketplace happens in various ways.
Sometimes traders indulge in unfair trade practices such as when shopkeepers weigh less than what they should or when traders add charges that were not mentioned before, or when adulterated/defective goods are sold.
Markets do not work in a fair manner when producers are few and powerful whereas consumers purchase in small amounts and are scattered. This happens especially when large companies are producing these goods.
At times false information is passed on through the media, and other sources to attract consumers.
Hence, there is a need for rules and regulations to ensure protection for consumers.

Illustration 1
    When do consumers participate in the market?
Solution
    Consumers are participants in the market process when purchase goods and services for their use.

Illustration 2
    When do markets tend to be unfair?
Solution
    Markets do not work in a fair manner when there are a few and powerful producers and consumers purchase only in small amounts and are scattered.

Illustration 3
    What is the need for rules and regulations in the market place?
Solution
    Rules and regulations are needed for the protection of the consumers when they find themselves in a weak position.

CONSUMER MOVEMENT :
The consumer movement arose out of dissatisfaction of the consumers as many unfair practices were being indulged in by the sellers.
There was no legal system available to consumers to protect them from exploitation in the marketplace.
For a long time, when a consumer was not happy with a particular brand product or shop, he or she generally avoided buying that brand product, or would stop purchasing from that shop. It was presumed that it was the responsibility of consumers to be careful while buying a commodity or service.
It look many years for organisations in India, and around the world, to create awareness amongst people.
 More  recently, India witnessed an upsurge in the number of consumer groups.
 Because of all these efforts, the movement succeeded in bringing pressure on business firms as well as government to correct business conduct which may be unfair and against the interests of consumers at large.
A major step taken in 1986 by the Indian government was the enactment of the Consumer Protection Act1986, popularly known as COPRA.

Illustration 4
    Why did consumer movements arise?
Solution
    Consumer Movements arose due to dissatisfaction of the consumer as many unfair practices were being  indulged by the seller.

Illustration 5
    What major step was taken by Indian government in 1986?
Solution
    Indian government enacted the Consumer Protection Act in 1986 to protect consumers against unfair trade practices.