markets, consumer protection

Question 1

what are resons why consumers need protecion?

Answer 1

• globalisation
• fake goods
• scientific advances
• misleading customers

Question 2

what is globalisation?

Answer 2

goods that have been improted from other countries may have a lower safety standard and is not safe for consumer use in the uk

Question 3

what is fake goods?

Answer 3

eg- fake branding on clothes

Question 4

what are scientific advances?

Answer 4

for example pharmaceuticals need to be research and tested to ensure that it is safe and beneficial for human consumption

Question 5

what is misleading customers?

Answer 5

for example a product may be labelled as discounted when it is not to try gain attraction and purchases