Consumer protection laws are important to know because you are a consumer yourself. It is good to know your own rights to protect yourself when the need arises. These laws can help you defend yourself against fraudulent acts.
Here are some things to remember to learn about consumer protection laws:
- Consumer protection laws are exactly what they are. As the name suggests, you, the consumer, are being protected from unfair deals from businesses. These laws help protect consumers such as yourself against fraud. Consumer protection laws fight against false advertising, and certain products that have negative side effects. A good example of this would be government warnings on cigarette packets. They help you and other consumers make wiser decisions when it comes to consumerism.
- Get your terminologies right. You will have to know certain terminologies to fully understand consumer protection laws. A few terms that may confuse you are agricultural purpose, pyramid sales schemes, and delivery price. Agricultural purpose simply means those that are produced agriculturally. These are the things that are related to producing, harvesting, and manufacturing agricultural and marine products. Meanwhile, the term “banned hazardous substance” simply means products, both articles and substances, which are possibly hazardous to the consumer’s health. Lastly, the term “delivery price” is simply the full price of a trade transaction. These terms will help you understand consumer protection laws. It is best to learn as much of the terminology as possible.
- Know your consumer rights. Consumer protection laws and consumer rights are directly connected. The main reason why consumer protection laws were made is because of consumer rights. It will help you understand the laws better if you studied consumer rights beforehand. There are six basic consumer rights.
- The right to be safe. This is to prevent any injuries caused by consumer products.
- The right to choose freely. This is to stimulate competition in the marketplace, and to avoid monopoly.
- The right to be heard. This states that consumers have a right to complain to the manufacturers about their products.
- The right to be informed. This right states that consumers should be well informed about certain products. This means that advertising for products must be completely truthful. The law prohibits untrue information that can mislead the consumers.
- The right to education. This enables consumers to have access to certain information that can help them make the right decisions in the marketplace.
- The right to service. This right states that all consumers should be treated with respect. This right is the reason why all the products in the market today have complete and accurate descriptions of their contents.
These guidelines will help you understand the consumer protection laws better. These are just a few things to prepare you for your study of the laws. It is your responsibility to know these laws. Protect yourself from frauds. With these guidelines, you can better understand and learn the consumer protection laws.