What is the role of the Consumer Protection Act 2019 in the market economy ........

Business Studies (CUET) CONSUMER PROTECTION

What is the role of the Consumer Protection Act 2019 in the market economy?

It focuses on caveat emptor, meaning 'Let the buyer beware.'

It emphasizes caveat venditor, meaning 'Let the seller beware.'

It ignores consumer rights and focuses on business profits.

It restricts consumer access to information about products.

The Consumer Protection Act 2019 promotes the idea of caveat venditor, 'Let the seller beware.'

It focuses on empowering and protecting consumer rights rather than ignoring them.

Businesses must ensure that their practices are fair and safe for consumers.

Hence, option 2 is correct.

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