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VARVARA [1.3K]
3 years ago
8

How do government regulators protect consumers?

Social Studies
2 answers:
jenyasd209 [6]3 years ago
8 0
Consumer<span> protection laws are a form of </span>government<span> regulation that aim to </span>protect<span>the rights of </span>consumers<span>.</span>
Julli [10]3 years ago
5 0

Goverment regulators protect consumers <u>by establishing laws which aim to preserve competition. </u>

On the first hand, competition ensures low prices in the long run. Such situation is benefitial for customers. Companies that offer their products at the most competitive (low) price, are able to attract a larger share of consumers and to maximize their profits. Therefore, companies strive to reduce their production costs and to produce more efficiently (generating more output with the same amount of resources), so that they can lower the market price of their products.

Alternatively, companies might decide to attract customers by producing better quality goods than the ones offered by their competitors. In such situation, the availability of better quality products is also benefitial for consumers.

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Why do you think a child cries when feeling hungry?Or why do you think a child
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it all depends on your culture,religion,friends,community and environment

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3 years ago
Explain why the Bosque Redondo plan failed.
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Read 2 more answers
What would be considered part of culture?
Dmitriy789 [7]
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Globalization and new technologies have strengthened relations between countries, which contributes to greater interaction and communication of people in society and in the work environment.

Therefore, it is necessary for people to develop multicultural skills, which help in understanding and respecting the diversity of culture, values ​​and behaviors of a person who has different nationality for example. It is ideal that people are treated ethically and have their individual values ​​protected and respected, especially in the work environment, where different cultures can mean a positive exchange of experiences, new learning and ways of seeing the same situation, which also helps innovation and creativity present in an organization.

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